There are indeed some additional benefits.
iDonate makes it easy to help your cause by donating your real estate. iDonate assists with the transfer paperwork and coordinates the sale, forwarding proceeds to your cause.
Appreciated real estate donations generally receive two key benefits:
- A current-year tax deduction for the full fair market value of the property
- No capital gains taxes paid on the sale of the property
Please consult with your tax advisor for information on how these benefits apply to your situation.