Real Estate—Bargain Sale

Bargain Sale of Real Estate Diagram. Description of image is listed below.

How It Works

  1. You sell property to HWS for less than its fair-market value—usually what you paid for it
  2. HWS pays you cash for agreed sale price, and you receive an income-tax deduction
  3. HWS 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
  • HWS receives a valuable piece of property that we may sell or use to further our mission

More Information

Contact Us

Angela Tallo Lang '05
Director of Planned Giving and The Wheeler Society
(315) 781-3545
LANG@hws.edu

 

Hobart and William Smith Colleges
Attn: Angela Tallo
300 Pulteney Street
Geneva, NY 14456
Federal Tax ID Number: 16-0743040

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