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Real Estate—Outright Gift
How It Works
- Transfer title of property to CBMM
- Receive income-tax deduction for fair-market value of property
- CBMM may use or sell the property
Benefits
- Income-tax deduction for fair-market value of property based on qualified appraisal
- Avoid capital-gain tax on appreciation in value of the real estate
- Relieved of details of selling property
- Significant gift to CBMM
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Liz LaCorte |
Chesapeake Bay Maritime Museum |
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