Donation For Land In Salt Lake
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If you give property to a qualified organization, you can generally deduct the fair market value (FMV) of the property at the time of the contribution.
Donations can be accepted by phone at (801) 359-0698 or by mail at 242 W. Paramount Ave. Salt Lake City, UT 84115.
It involves drafting key legal paperwork, having your land appraised, finding an eligible land trust or nonprofit to enforce the easement, and consulting with a CPA to maximize your tax deduction. Fortunately, Giving Property specializes in working with donors to make the process as easy as possible.
If you give property to a qualified organization, you can generally deduct the fair market value (FMV) of the property at the time of the contribution.
Please call 1-800-SA-TRUCK (1-800-728-7825) to find or schedule your donation. ! Currently, in-home pickups are susupended in your area. Drop-offs are accepted at convenient locations near you.
Taxpayers may be able to claim a charitable deduction for donating real property, or certain interests in real property that restrict how land or buildings can be used.
Charitable contributions or donations can help taxpayers to lower their taxable income via a tax deduction. To claim a tax-deductible donation, you must itemize on your taxes. The amount of charitable donations you can deduct may range from 20% to 60% of your AGI.
