You can contribute the appreciated property outright to Sacramento Public Library Foundation. This avoids a capital gains tax on the transfer, because the recipient of the property is a charitable organization. Therefore, we receive the full value of the asset, undiminished by taxes. (Very important: The gift should be made before a sale of the property. If a sale takes place when you still own the property, you will pay the capital gains tax.) Generally, as an individual, you're able to deduct the full fair market value of the gift up to 30 percent of your adjusted gross income in the year the gift is made. If the gift exceeds that amount, you may carry forward the excess for up to five additional years. Example: Dr. Jensen owns property valued at $250,000. The amount she paid for the property long ago was $15,000. She donates the property to a charitable organization, which sells it for its fair market value and uses the proceeds to further its work. No taxes are paid on the $235,000 gain in value. Dr. Jensen receives an income tax charitable deduction of $250,000. If her adjusted gross income at the time of the gift is $200,000, she is able to claim 30 percent, or $60,000, in the year of the gift. In the years following, she can continue to claim the excess. Bargain Sale Another way to make an outright gift is through a method called a "bargain sale." A bargain sale takes place when a donor sells an asset to Sacramento Public Library Foundation for less than its value. The difference is a gift. Example: Dr. Downing sells property valued at $300,000 to a charitable organization for $100,000. The gift portion is $200,000, so he receives an income tax deduction of $200,000. Dr. Downing pays a proportionate capital gains tax on the $100,000 he received as payment for the property. If he originally paid $30,000 for the property, the percent of the gain in the property is 90 percent (the gain is $270,000). Thus, the capital gain associated with the $100,000 sale is $90,000. The tax is 15 percent of that, or $13,500. This amount is offset by all or part of the $200,000 charitable gift. Charitable Remainder Trust This type of trust is an ideal option when you want to receive an income from the asset. Except for commercial property, most real estate does not produce income. But a sale of appreciated real estate to reinvest in an income-producing asset will generate capital gains tax.

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You can contribute the appreciated property outright to Sacramento Public Library Foundation. This avoids a capital gains tax on the transfer, because the recipient of the property is a charitable organization. Therefore, we receive the full value of the asset, undiminished by taxes. (Very important: The gift should be made before a sale of the property. If a sale takes place when you still own the property, you will pay the capital gains tax.) Generally, as an individual, you're able to deduct the full fair market value of the gift up to 30 percent of your adjusted gross income in the year the gift is made. If the gift exceeds that amount, you may carry forward the excess for up to five additional years. Example: Dr. Jensen owns property valued at $250,000. The amount she paid for the property long ago was $15,000. She donates the property to a charitable organization, which sells it for its fair market value and uses the proceeds to further its work. No taxes are paid on the $235,000 gain in value. Dr. Jensen receives an income tax charitable deduction of $250,000. If her adjusted gross income at the time of the gift is $200,000, she is able to claim 30 percent, or $60,000, in the year of the gift. In the years following, she can continue to claim the excess. Bargain Sale Another way to make an outright gift is through a method called a "bargain sale." A bargain sale takes place when a donor sells an asset to Sacramento Public Library Foundation for less than its value. The difference is a gift. Example: Dr. Downing sells property valued at $300,000 to a charitable organization for $100,000. The gift portion is $200,000, so he receives an income tax deduction of $200,000. Dr. Downing pays a proportionate capital gains tax on the $100,000 he received as payment for the property. If he originally paid $30,000 for the property, the percent of the gain in the property is 90 percent (the gain is $270,000). Thus, the capital gain associated with the $100,000 sale is $90,000. The tax is 15 percent of that, or $13,500. This amount is offset by all or part of the $200,000 charitable gift. Charitable Remainder Trust This type of trust is an ideal option when you want to receive an income from the asset. Except for commercial property, most real estate does not produce income. But a sale of appreciated real estate to reinvest in an income-producing asset will generate capital gains tax.