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Real estate—outright gift

Outright Gift of Real Estate Diagram

How It Works

  1. Transfer title of property to Loyola
  2. Receive income-tax deduction for fair-market value of property
  3. Loyola may use or sell the property

Benefits

  • Income-tax deduction for fair-market value of property based on qualified appraisal
  • Avoid capital-gain tax on appreciation in value of the real estate
  • Relieved of details of selling property
  • Significant gift to Loyola

Next steps

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