The IRS Section 170 Bargain Sale has been around longer than the 1031 Exchange. With this tool you can sell to a not-for-profit (“NFP”) for a below market price, and get a significant tax deduction for the portion between the asset’s fair market value (“FMV”) and the price paid.Read more
This Welfont blog explains tax issues in the IRS Section 170 Bargain Sale, providing information for nonprofit organizations. These posts are intended to help nonprofits understand the features and benefits of the Bargain Sale. Appraisers, brokers, CPAs, sellers and buyers may also find some of this information useful.
The posts focus on creating a win-win-win situation within the world of commercial real estate transactions. The content found on this page, however, 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.