This Welfont blog explains tax issues in the IRS Section 170 Bargain Sale features and benefits. The posts provide information to appraisers, sellers, buyers, brokers, CPAs and nonprofits. The information focuses on creating a win-win-win situation within the world of commercial real estate transactions. The content found on this page is for educational purposes only and is not intended to constitute legal, financial, or tax advice. Please consult your attorney, accountant, tax or other adviser before acting on any information found here.
In summary, the beneficial consequence of the Bargain Sale permits a great disposition tool for sellers, but also creates a great vehicle for real estate to be a sustainable resource that benefits charities and the community.Read more