If you own highly appreciated property, such as real estate, you could benefit from using the real estate to fund a charitable gift annuity. The annuity, coupled with the use of a home exclusion, could help you avoid capital gains, provide you with a charitable income tax deduction in the year of the gift and could increase your income.
Please call us if you have questions about charitable gift annuities. We would be happy to answer any questions that you have.
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