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Bargain Sale

Do you have property that you would like to sell? Are you looking for a strategy to reduce your income taxes? A bargain sale might be the right strategy for you.

Bargain Sale
Property
Sale Portion
Shell Point
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How a Bargain Sale Works

  1. You sell Shell Point Retirement Community your property for a price less than fair market value.
  2. You receive the cash from the sale and a charitable deduction for your gift to Shell Point Retirement Community (the difference between the market value and purchase price).
  3. While you may owe some tax on the amount you receive from Shell Point Retirement Community, the charitable deduction from your gift could offset your taxes this year.

Benefits of a Bargain Sale

If you are considering selling your property, a bargain sale will help you meet all of your goals.

  • Avoid capital gains tax on your charitable gift.
  • The deduction from your gift will give you valuable tax savings that may reduce your tax bill this year.
  • With the cash received from the sale, you may then reinvest to create more income for your future.
  • Best of all, your gift will help Shell Point Retirement Community further their work.

Contact us

If you have any questions about a bargain sale, please contact us. We would be happy to assist you and answer any questions you might have.

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