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Gifting Property – What are the Tax Benefits for Donating Land, House or Commercial Property

(EMAILWIRE.COM, April 06, 2010 ) Detroit, MI - Gifting property is an option few investors and property owners are aware of. As with any charitable contribution, there are income tax benefits to gifting property.

Michael Schoen of Maiden House Ministries recently spoke to a group of real estate investors about the process of gifting property. When asked about the tax benefits, Michael said, “Rules can vary depending on several factors, including if the property is owned by an individual, partnership, corporation or LLC. Typically, contribution deductions are limited to a percentage of your adjusted gross income with excess contributions carried forward for up to five years.” Visit http://www.giftingproperty.com/ to learn more.

Donating Real Estate is the real estate solution for charities and donors. They are recognized as the premier real estate marketing consultant by real estate investors, charities and those who are gifting property. Donating Real Estate helps charities through the entire process of receiving gifted property and liquidating the gift.

Donating Real Estate helps the individual or business through the process of gifting property to a charity, making the experience rewarding and beneficial. Learn more at http://www.donaterealestate.com

Contact:

Michael Schoen

Phone: 248-757-1713

Email: info@donatingrealestate.com


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Press release service and press release distribution by EmailWire.Com - http://www.emailwire.com/press_release_distribution_lists.php

Maiden House Ministries
Michael Schone
248-757-1713
info@donatingrealestate.com


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