- quote -

It is very simple. If the organization is a 501(c)(3)
charity that can accept donations all you need to do is
obtain an appraisal of the property and make the gift. Of
course, the non-profit would want to own the property.

All of the costs associated with the gift would be
deductible by you if paid by you.

Hope that helps.
Bruce Raskin, CPA
Small Business and Individual Tax and Accounting Services

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

aristotle65[at]hotmail.com says...

- quote -

You will have to use an appraiser. The appraiser will have
to sign on page two of Form 8283. You can see the form and
instructions here:

Form:
http://www.irs.gov/pub/irs-fill/f8283.pdf

Instructions:
http://www.irs.gov/pub/irs-pdf/i8283.pdf

For more information about charitable contributions, see Publication 561
http://www.irs.gov/pub/irs-pdf/p561.pdf

Be careful. This is something you don't want to mess up. I
suggest that you get your tax advisor in on this early (i.e.
before you actually make the donation).

Gary

--
You can probably X figure out X which letters to X delete to
derive my email address X.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

aristotle wrote:

- quote -

If you're donating the actual property, you're not donating
a lease.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

I leased a building for 99 years to a non profit
organization. If I decide to donate the property to this
non profit organization how can I obtain the highest tax
deductible value for my donation. In other words how can I
obtain a certified value on the gift. Any suggested reading
material, case studies or other reliable sources of
information.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->