Home, Vacation Home, Commercial Real Estate, Farm, Land
When you donate real estate to the Congregation of the Sisters of Saint Joseph of Boston you create an enduring testimonial, allowing us to continue our mission of unity and reconciliation
- You receive an income tax charitable deduction for the full market value
- There is no gift tax, and you receive a reduction of your taxable estate
- There will be no problems resulting from trying to sell the property
- There are many ways you can make a meaningful contribution of real estate to the Congregation of the Sisters of Saint Joseph of Boston.
If you are contemplating selling land or a building, beware of capital gains taxes! Currently if you sell your primary residence you can exclude up to $250,000 ($500,000 if you are married) of the capital gain. This tax does not apply to all types of real estate. There may be better alternatives to consider.