© 2019 by the Texas Conference Association of Seventh-day Adventists

The purpose of this website is to provide general gift, estate, and financial planning information. It is not intended as legal, accounting, or other professional advice.  For assistance in planning charitable gifts with tax and other financial implications, the services of appropriate advisors should be obtained.

BARGAIN SALE

Do you have property that you would like to sell? A house, rental property, land, or vehicle?

Are you looking for a way to give to the Lord's work while reducing your income taxes? A bargain sale might be the right strategy for you.

BENEFITS OF A BARGAIN SALE

  • Avoid capital gains tax on your charitable gift

  • Receive a tax deduction that will reduce your tax bill this year

  • Take the cash received from the sale and reinvest it to create future income, save for retirement, buy new property or achieve other financial goals

  • Help the Texas Conference Association of Seventh-day Adventist further our important charitable work

HOW A BARGAIN SALE WORKS

  1. You sell the Texas Conference Association of Seventh-day Adventist your property for a price less than fair market value.

  2. You receive cash from the sale.

  3. You can take a charitable deduction for the value of your gift which is the difference between the fair market value of the property less the sale price.

  4. While you may owe some tax on the sale proceeds you receive from the Texas Conference, the charitable deduction from your gift could offset some, most or all of your capital gains taxes associated with the sale.

MORE ON BARGAIN SALE

​A bargain sale may be accomplished even if you have a mortgage on your property. Because relief from indebtedness can have tax implications, please consult with your tax advisor prior to completing a gift of a bargain sale.

CONTACT US

If you have any questions about gifts of cash, please contact us. We would be happy to assist you and answer any questions that you have.