{"id":252,"date":"2019-09-23T16:33:00","date_gmt":"2019-09-23T16:33:00","guid":{"rendered":"https:\/\/www.kars4kids.org\/real-estate\/stories\/?p=252"},"modified":"2020-07-06T09:55:10","modified_gmt":"2020-07-06T09:55:10","slug":"donating-charity-tax-benefits","status":"publish","type":"post","link":"https:\/\/www.kars4kids.org\/real-estate\/stories\/broker-case-studies\/donating-charity-tax-benefits\/","title":{"rendered":"When the Casual Investor Runs Out of Steam"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Tax benefits of donating real estate to charity<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Sometimes a real estate investment that seems to hold lots\nof promise ends up being a liability instead. That\u2019s what happened with Jim and\nBob, two casual investors who purchased a $98,000 home in Southern California.\nThe two hoped to remodel the home and flip it for a profit. But things don\u2019t\nalways turn out as expected: the partners ran out of money after only a few\nmonths. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Looking for a way to get out of the hassle of ownership and holding costs, Jim and Bob called <a href=\"https:\/\/www.kars4kids.org\/real-estate\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Kars4Kids (opens in a new tab)\">Kars4Kids<\/a> Real Estate to inquire about donating the home. They still hoped to be able to claim the benefit of the appraised value of the home for a tax deduction. But would donation rule out that important possibility?<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Apparently not\u2014at least not with Kars4Kids in the picture. We expedited the smooth transfer of the home. This included dual signature deed and title insurance, both at no cost.  <em> <a href=\"https:\/\/www.kars4kids.org\/real-estate\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Kars4Kids (opens in a new tab)\">Kars4Kids<\/a> even took care of the outstanding taxes owed on the property, an amount the donors couldn\u2019t have covered.  <\/em> <\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"> And just like that, as quickly as they had gotten into the investment, Jim and Bob were out of it, completely hassle-free! <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We love maximizing the tax benefits you get by donating your real estate to Kars4Kids.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax benefits of donating real estate to charity Sometimes a real estate investment that seems to hold lots of promise ends up being a liability instead. That\u2019s what happened with Jim and Bob, two casual investors who purchased a $98,000 home in Southern California. The two hoped to remodel the home and flip it for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":253,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[2,21],"tags":[],"class_list":["post-252","post","type-post","status-publish","format-standard","has-post-thumbnail","category-broker-case-studies","category-donations","entry","one-third"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tax benefits of donating real estate to charity - Kars4Kids Real Estate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kars4kids.org\/real-estate\/stories\/broker-case-studies\/donating-charity-tax-benefits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax benefits of donating real estate to charity - Kars4Kids Real Estate\" \/>\n<meta property=\"og:description\" content=\"Tax benefits of donating real estate to charity Sometimes a real estate investment that seems to hold lots of promise ends up being a liability instead. 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