St. Paul Breakfast Meeting: Gifts of Real Estate & Closely Held Stock
Gifts of Real Estate and Closely-Held Stock
Presenter J. Patrick Plunkett
Gifts of real estate or closely-held stock by a donor to a qualifying charitable, educational, religious or governmental organization can be attractive and beneficial to the donor. In a worst case scenario, the donor is able to part with a “White Elephant.” In a best case scenario, the donor is able to claim a tax deduction for the fair market value of the property without regard to the donor’s cost basis.
In either case, the IRS will require that the donor comply with certain requirements as a condition of claiming a charitable deduction. In addition, the donee organization may require the donor to make certain representations and warranties as a condition to accepting the gift.
Pat Plunkett will review the IRS requirements for charitable deductions of gifts of real estate or closely-held stock, and will provide insight into the conditions that a sophisticated donee will likely impose as a condition prior to accepting the gift.
Seeking 1 hour of Minnesota insurance CE and 1 hour of CLE CE (Pending Approval)
Registration, Networking and Breakfast: 7:30 - 8:00 am
Meeting Begins: 8:00 am
Meeting Ends: 9:00 am
REGISTRATION LINK
RSVP by January 15th, 2015
