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CallGet a tax deduction for the value of your real estate donation.
We'll contact you within 2-3 business hours to discuss your potential tax savings and deduction.
Why donate real estate
Eliminate the hassle
Get rid of your unwanted property with our simple donation process
Avoid Capital Gains Tax
You'll avoid paying capital gains tax when you donate your property
Receive a tax deduction
You'll get a tax deduction for the fair market value of your property
Save on your taxes
When you donate real estate to Kars4Kids, you'll get a tax deduction for the fair market value of your property. You can claim up to 30% of your income as tax deductions, and can carry over the unused balance for up to 5 years.
Appraised property value
Your tax deduction
Steps to donate
1
Tell us about your property
Submit the online form with some basic info about your property.
2
We'll review the property
We’ll run a standard review of the property to see if we can accept it.
3
Transfer and deduction
We take care of all paperwork & closing docs, you get a tax deduction.
How to claim your tax break
In order to claim your tax deduction, you'll need to provide the following items to the IRS
- Receipt from Kars4Kids acknowledging the donation
- IRS form 8283 completed by the donor, charity, and appraiser, if required
- Appraisal, if the value is above $5k
- If we sell the property within 3 years, you'll get an IRS form 8282
Frequently asked questions
What types of property can be donated to a nonprofit for a tax break?
Can Kars4Kids pay up my mortgage?
How recent does the appraisal have to be?
Can I claim the amount I spent on the appraisal as a tax deduction?
Hear from our donors
Some of the hundreds of donors who've donated their real estate to Kars4Kids.
- Donating relieved us of maintaining a property hundreds of miles from our home. We're delighted that the proceeds will be used for children. Thank you for all your hard work!"
Bobby & Elizabeth Y.Fayettville, North Carolina - My parents spent their whole lives trying to help other and I felt this was something I could do in their honor. They responded quickly and the process was extremely easy."
Shary E.Bokoshe, Oklahoma - I was unable to sell the property, which I inherited 6 years ago. I grew tired of paying taxes and up keep on the property. Donated it to Kars4Kids, so they could make use of it."
Fran L.Clinton, Michigan - I have been looking for a not-for-profit who could benefit from the two lots.
With Kars4Kids, I found the entire process to be efficient and rewarding."
Barry J.Sebring, Florida - With very little difficulty Kars4Kids made the arrangements & closed on the lot.
It’s our blessing to give a little back to children."
Larry & Dorothy M.White, Georgia - I was unable to sell the home for a profit after repairs. Donating this out of state home was easy. Kars4Kids is an organized machine, the process moved quickly."
Samuel T.Altoona, Pennsylvania - Kars4Kids was professional and stayed in communication with us throughout the process.
Thank you all again for all you did to make this so easy for us."
Dianne N.West Columbia, South Carolina
Your donation helps kids
No cost. Easy process. Maximum tax benefits.