Individual Real Estate
1. Complete the donation form or call us | 2. Complete the deeds, record, process & transfer ownership | 3. Check your mail for your tax document arrival |
| We have a team ready to answer any questions you may have by calling 1-800-385-0422 ext. 6 seven days a week. Or just complete our donation form with your property information and we will reply within 24 hours. | Once you have chosen to move ahead with your property donation we provide the necessary paperwork needed to transfer ownership to our organization. Each state and county is different so we will work closely with you by providing all necessary forms. | We will complete all necessary paperwork and mail everything you will need to declare your tax deduction. The entire process is usually completed in just 2 to 5 weeks. |
*See below for an in-depth description of these steps*
Most Americans do not have a large real estate portfolio. But for those who do, and even those who don't, significant financial benefits can be gained with a real estate donation. A real estate donation to MatchingDonors.com can help you rid yourself of non-producing properties and also avoid capital gains tax on highly appreciated property.
A real estate donation significantly reduces your legal and tax liabilities on the properties while you more efficiently attain personal financial goals as you support MatchingDonors.com and Americans in need of organ donation.
Fill out our donation form to be contacted about your property.
When you donate your real estate to MatchingDonors.com you get:
- Current Market Value Tax Deduction Possibilities
- Rebuild Value Tax Deduction Possibilities
- Potential no Income, Capital Gain, Inheritance or Estate Taxes
- Potential Endowment in Your Name
- Benefit a Worthy Cause and Save Lives at The Same Time
Benefits of Donating Rather Than Selling:
- Avoid the frustrating hassles associated with selling your property.
- No haggling with buyers or agents.
- The size of the tax deduction is determined by the current market value of the property.
- Continuously improve your real estate portfolio by donating properties that are idle, lacking a positive cash flow or real property assets that will never reach any usable potential.
In-Depth Donation Process
When you donate real estate, a 5-year current market value tax deduction or the ability to receive income for life puts real estate donations in a league of their own. We suggest you set aside some time and learn about who we are and how we make sure a real estate donation benefits everyone involved. Please also consult with your accountant or lawyer!
When all necessary documentation has been signed and completed, MatchingDonors.com will comprehensively evaluate the property along with all associated factors that may potentially affect the successful transfer of the deed. This includes but is not limited to all books and records, as well as the title commitment.
Upon completion of the full inspection, MatchingDonors.com will then proceed with the steps necessary to take legal and proper deed to the charitable donation of real property offered. Now, all properties are immediately insured for fire and liability to protect the interests of MatchingDonors.com and their agents/affiliates.
From there, we can assist you in finalizing the transaction in a timely and efficient manner. We and MatchingDonors.com work hard to make the charitable donation process simple, trouble free and as simple as possible for both our generous corporate and individual donors alike.
We make the real estate donation process easy.
What Can A Real Estate Tax Deduction Do For You?
These rules may apply if the donated real property is owned in your own name, with your spouse
or other persons (Please check with your tax professional).
If you have held the property for more than one year, it is classified as long-term capital gain property.
You can deduct the full fair market value of the donated property. Your charitable contribution deduction is limited to various percentages of your adjusted gross income. Excess contribution value may be carried forward for up to five years. If the property has been depreciated, the fair market value must be reduced by its accumulated depreciation through the date of contribution.
Fair Market Value is most commonly determined by an independent appraisal.
If you choose to deduct your cost basis of the donated property you are allowed a deduction of fifty percent (50.00%) of your adjusted gross income (Please check with your tax professional).
Excesses here again can be carried forward up to five years. Which method you choose to follow is dependent on the cost basis in the property donated, your tax bracket, the age and health of the donor and whether you plan to make future contributions (Please check with your tax professional).
