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: 578 Answers: 3 Posted: 13 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

    iwin68comse
    Answers: 0 Views: 6 Rating: 0
    c54centralbarnyc
    Answers: 0 Views: 4 Rating: 0
    Ytmp3 Cheap
    Answers: 0 Views: 4 Rating: 0
    Ytmp3 Cheap
    Answers: 0 Views: 4 Rating: 0
    Ytmp3 Cheap
    Answers: 0 Views: 4 Rating: 0
    Ytmp3 Cheap
    Answers: 0 Views: 4 Rating: 0
    Ytmp3 Cheap
    Answers: 0 Views: 4 Rating: 0
    Ytmp3 Cheap
    Answers: 0 Views: 4 Rating: 0
    > More questions...
    466430
    questions
    722239
    answers
    785344
    users