Real Estate—Bargain Sale
How It Works
- You sell property to North Park for less than its fair-market value—usually what you paid for it
- North Park pays you cash for agreed sale price, and you receive an income-tax deduction
- North Park may use or sell the property
Benefits
- You receive cash from sale of property (sale price is often the original cost basis)
- You receive a federal income-tax deduction for the difference between the sale price and the fair-market value of the property
- North Park receives a valuable piece of property that we may sell or use to further our mission
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Michael D. Nevergall |
Office of Advancement |
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