Text Resize
Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video
Mobile Video Button

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
Conference
Charity image

Benefits of a bargain sale

  • You sell The Rocky Mountain Conference of Seventh-day Adventists your property for a price less than fair market value.
  • You receive the cash from the sale and a charitable deduction for your gift to The Rocky Mountain Conference of Seventh-day Adventists (the difference between the market value and purchase price).
  • While you may owe some tax on the amount you receive from The Rocky Mountain Conference of Seventh-day Adventists, the charitable deduction from your gift could offset your taxes this year.

How a bargain sale works

  1. You sell The Rocky Mountain Conference of Seventh-day Adventists your property for a price less than fair market value.
  2. You receive cash from the sale.
  3. You can take a charitable deduction for the value of your gift which is the difference between the fair market value of the property less the sale price.
  4. While you may owe some tax on the sale proceeds you receive from The Rocky Mountain Conference of Seventh-day Adventists, the charitable deduction from your gift could offset some, most or all of your capital gains taxes associated with the sale.

More on bargain sales

A bargain sale may be accomplished even if you have a mortgage on your property. Because relief from indebtedness can have tax implications, please consult with your tax advisor prior to completing a gift of a bargain sale.

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.

Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video
scriptsknown

Let us help you with your gift plans