Tax Guru-Ker$tetter Letter
Monday, April 29, 2002
Giving To Charity
Here is a good summary of the benefits of donating appreciated property to charity.
This is definitely the kind of thing that should be reviewed with your tax pro before doing it. Many charities have become very aggressive in soliciting stocks, real estate and other appreciated assets under the assumption that the ability to avoid the capital gain taxes will always leave you ahead. However, I have done several analyses where the client comes out ahead cash-wise by selling the asset and donating cash. It is very much a case by case scenario.
KMK