Real Estate Donations: The Critical Questions

1. Why is it important to calculate basis?
2. What counts as dealer property?
3. What percentage of AGI may an individual take for their charitable gift donations?
4. What percentage of corporate income may be offset by a charitable gift deduction?
5. Which of the following qualifies for a charitable gift donation?
6. What is the IRS designation for a public charity?
7. Donors may split their donations among how many charities?
8. Donation of a personal residence may be used for both a retained life estate and a charitable gift annuity arrangement.
9. International properties qualify as gift donations.
10. Realtors are normally paid fees by the charity.
11. Who must obtain a qualified appraisal to receive the benefit from a gift donation?
12. Donation of property held for less than a year might avoid capital gains tax.
13. Debt encumbered property can be donated.
14. A simultaneous closing may be used to transfer ownership of a donated property.
15. A Realtor may earn more than one type of fee in a single donation transaction.
16. How many charities are there in the United States?
17. Farms/ranches real estate donations qualify for a charitable gift deduction:
18. Condo in Rome or Paris real estate donations qualify for a charitable gift deduction:
19. Medical building housing doctor’s practice real estate donations qualify for a charitable gift deduction:
20. A lot in Florida real estate donations qualify for a charitable gift deduction:
21. Cabin in Pennsylvania real estate donations qualify for a charitable gift deduction:
22. A 17% ownership interest in apartment complex? real estate donations qualify for a charitable gift deduction:
23. A donor has what period of time in which to use a charitable deduction?
24. Which of these open-ended questions might open a donation discussion with your client?
25. What do the donors get from a gift of real estate?