Gifts of Real Estate Provide Unique Tax Benefits
If you own appreciated real estate, you may face significant capital gains when it is sold. Wheaton has a long history of facilitating real estate gifts – donors receive unique tax benefits while making a meaningful impact gift that will support Wheaton’s ministry.
- Get an income tax deduction for the fair market value of the real estate
- Avoid capital gains taxes that would be due at a sale
Wheaton can receive various types of appreciated real estate, including:
- Vacation home
- Farmland
- Vacant land
- Rental property
- Commercial real estate
Gift Options
- Give the entire property now – get deduction for full property value
- Give an undivided partial ownership interest now (and keep/sell the rest)
- Fund a Charitable Remainder Unitrust – receive lifetime payments and a partial tax deduction
- Give it now and continue to live in it until your death – get a partial tax deduction now
- Give it to Wheaton through your estate plan at your death – maintain full control during your life