Donating appreciated property to a qualified charity lets you deduct the fair market value as a charitable contribution while avoiding capital gains tax entirely. A charitable remainder trust provides income during your lifetime with the remainder going to charity. The deduction is limited to 30% of your adjusted gross income for appreciated property, with a five-year carryforward. Get a qualified appraisal - the IRS scrutinizes property donations closely.
From the seller playbook: Charitable Remainder Trusts and Property Donation Strategies
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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