Donating appreciated real estate — such as a home, land, farm, commercial property or mineral interest— is a meaningful way to support a fund at the Kansas Methodist Foundation.
Benefits
• Avoid capital gains tax on appreciated property • Receive a charitable income tax deduction based on fair market value • Leave a lasting legacy
Tax Deduction
Overview *
• FMV if held more than one year • Deduction capped at 30% of Adjusted Gross Income (AGI) • Excess: Carry forward up to five years
