Donate Assets
Donating
assets (such as real estate and securities) that
have appreciated in value provides you the double
tax advantage of avoiding capital gains taxes while affording a full deduction of the assets' current
value from your taxable income.
For
example, if your house or securities, purchased
for $100,000, are now worth $150,000, you have
two choices for liquidating:
-
Sell
the assets and pay capital gains tax on $50,000
-
Donate
it directly to FARM, avoid all capital gains
tax, and claim a $150,000 deduction from your
taxable income
For
additional details, please
or by call 888-FARM-USA (327-6872).
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