close
    Can a house be donated to a charity for a tax write off?

    I own ahouse that is costing me money for taxes and upkeep yearly.  I cannot sell it for what it is worth.  Can I donate it to the Salvation Army or Habitat for Humanity?

    0  Views: 550 Answers: 3 Posted: 12 years ago

    3 Answers

    YES. My aunt just did it.

    I could use a home.

    yes you can at fair market value and without any encumbrances. The charity or foundation immediately sells it so it has cash for doing its work. As for taxes, the charity will give you a receipt for tax purpose in the FMV amount of the house.



    Top contributors in Community Service category

     
    Benthere
    Answers: 2 / Questions: 0
    Karma: 2445
     
    ROMOS
    Answers: 25 / Questions: 0
    Karma: 1710
     
    Colleen
    Answers: 46 / Questions: 0
    Karma: 1395
     
    jhharlan
    Answers: 18 / Questions: 0
    Karma: 1275
    > Top contributors chart

    Unanswered Questions

    What is Kosher Certification in India?
    Answers: 0 Views: 5 Rating: 0
    ÜBER DIE ISO 14001-ANFORDERUNGEN?
    Answers: 0 Views: 5 Rating: 0
    what are the Advantages Of ISO Training ?
    Answers: 0 Views: 6 Rating: 0
    Acquista follower su Instagram da Twicsy
    Answers: 0 Views: 6 Rating: 0
    Acquista follower su Instagram da Twicsy
    Answers: 0 Views: 7 Rating: 0
    sv388website
    Answers: 0 Views: 27 Rating: 0
    > More questions...
    452338
    questions
    719725
    answers
    754376
    users