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Anyone Donate Property to Charity for Tax Benefits?


Sweetheart
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The last post in this topic was posted 3017 days ago. 

 

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My aunt left me a small piece of property in her Will. It is undeveloped, deeply sloped and in a little cul-de-sac with other lots that are not developed. However, it is in a gated golf and retirement community on a lake. The property itself is not lakefront property, but it is a short walk to the water. It is not in the state where I live, and there is no reason for me to build a house and go there. Instead of selling it, I was thinking of donating it to Habitat for Humanity or another charity for a tax write-off. Has anyone done this? Was it worth it? TIA!

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Thanks. I don't know how soon it would sell. She was trying to sell it for years before she died, and just didn't want to let it go for the taxes. So she left it to me! I can't really do anything with it...except pretend to go camping! :P (I hate bugs and snakes...!)

 

I was trying to get rid of it and do a good thing at the same time. I have contacted a realtor and he is working on it. Just don't know how soon we will get any nibbles, so I wanted to have a Plan B.

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