 |
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| Current Gifts |
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| Current Gifts Include: |
|
 |
Cash |
|
Securities/Real Estate |
|
Bargain Sale |
|
Personal Property |
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| Cash |
 |
| Benefits to donor: |
| 1. |
Simplicity |
| 2. |
Tax deduction |
|
 |
| Income to donor: |
None |
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| Taxation of income: |
None |
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| Choose if objective is: |
Maximum deduction, no need for income |
|
|
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| Securities/Real Estate |
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| Benefits to donor: |
| 1. |
Tax deduction for fair market value |
| 2. |
Avoids capital gains tax |
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| Income to donor: |
None |
|
| Taxation of income: |
None |
|
| Choose if objective is: |
Maximum deduction, no need for income |
|
|
|
| Bargain Sale |
|
| Benefits to donor: |
| 1. |
Tax deduction for difference between market value
and sale price |
| 2. |
Property removed from estate |
| 3. |
Some capital gains tax avoided |
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| Income to donor: |
Amount of sale |
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| Taxation of income: |
Portion taxed as capital gain |
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| Choose if objective is: |
Some deduction plus a return of principal |
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| Personal Property |
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| Benefits to donor: |
| 1. |
If related use, tax deduction for fair market value |
| 2. |
If unrelated use, tax deduction for cost basis |
|
|
| Income to donor: |
None |
|
| Taxation of income: |
None |
|
| Choose if objective is: |
Maximum deduction, no need for income |
|
|
|
