Text Resize

Bargain Sale

Bargain Sale
Property
Sale Portion
Salvation Army
Bargain Sale
The Salvation Army - Heartland Division purchases your property for less than fair market value. You receive the cash and a charitable deduction for the difference between the market value and purchase price.

How a Bargain Sale Works

  1. You sell The Salvation Army - Heartland Division your property for a price less than fair market value.
  2. You receive the cash from the sale and a charitable deduction for your gift to The Salvation Army - Heartland Division (the difference between the market value and purchase price).
  3. While you may owe some tax on the amount you receive from The Salvation Army - Heartland Division, the charitable deduction from your gift could offset your taxes this year.

Benefits of a Bargain Sale

If you are considering selling your property, a bargain sale will help you meet all of your goals.

  • Avoid capital gains tax on your charitable gift.
  • The deduction from your gift will give you valuable tax savings that may reduce your tax bill this year.
  • With the cash received from the sale, you may then reinvest to create more income for your future.
  • Best of all, your gift will help The Salvation Army - Heartland Division further its work.

scriptsknown

Donate