Do you need cash from it?
If yes, a sale is probably right. If not, a donation may be simpler.
Real estate donors are rarely wealthy philanthropists writing checks. They are heirs holding a house in another state, retirees tired of managing a rental, farm families with no one to take over, business owners with an empty building, and people who bought land decades ago and never used it. What they share is property that costs more to keep than it is worth to them, and a wish for it to do some good.
Most calls fall into a handful of situations, each with its own page.
An inherited house or farm nobody wants to move to. Inherited houses.
A rental with tenants, depreciation and a low basis. Rentals with tenants.
A lot or acreage that only sends a tax bill. Unwanted land.
A building left empty after a closure or move. Former business buildings.


For most, it is simpler than selling: no listing, no showings, no repairs and no closing. For owners of appreciated property, it can avoid capital gains tax and may produce a deduction. For older owners, a charitable gift annuity can turn property into fixed income.
And for many, it matters that the property’s value goes on to help families rather than simply ending up in a sale.
Three questions settle most of it.
If yes, a sale is probably right. If not, a donation may be simpler.
A property owned free and clear, or with debt well below its value, is the strongest candidate.
Long-held, appreciated property is where a donation’s tax treatment differs most from a sale.
No. Many donors own one modest property they no longer want. What matters is the property, not the donor’s net worth.
For the tax deduction, yes. Many donors give simply to be done with the property, whether or not they itemize.
Yes, within the authority the will or trust gives the executor or trustee.
Yes. The entity that holds title makes the gift, and the deduction follows the entity’s tax treatment.
Yes. We will tell you honestly if a sale or another route fits better.
We do not provide tax or legal advice. See IRS Publication 526, Publication 561 and the Form 8283 instructions, and consult your own advisor.
We will tell you plainly whether a donation fits your situation.