| If you have a property which you bought through | | | | tax time. |
| one of the three ways of buying Tax Delinquent | | | | NOTE: In the tax law there are different ways to |
| properties I am teaching, then you probably have | | | | donate. Again I am not an attorney but it is my |
| only paid 5-10% of the true market value of that | | | | understanding that you CAN write off the full |
| property. | | | | MARKET VALUE of your taxes IF you donate |
| Now it is time to realize the profits on that | | | | the piece of land not just to any charity but to a |
| property and one hidden way often overlooked it | | | | charity which operates a lot with Real Estate. Just |
| to Donate the property to a qualified Charity. I | | | | like you see in the newspaper articles about |
| am not an Attorney or a CPA, so this is Not | | | | "donate your vehicle"... these are charities which |
| meant as absolute advise but only as something | | | | specialize in that, and thus if you find a charity |
| that could spark your interests but requires | | | | (non for profit) in your area which for example |
| checking and verification with a CPA and/or | | | | specializes in "LAND protection and nature |
| Attorney. | | | | preservation" you might be able to write of 100% |
| If you are able to purchase a property for a few | | | | of your land value. If instead you just donate to |
| hundred dollars that is assessed for a few | | | | your local "save a Hamster" charity, which has |
| thousand dollars you might be able to donate this | | | | nothing to do with Real estate and Land, you will |
| property to a charity and you might get a tax | | | | only be able to write off the amount YOU PAID |
| deduction based on the TRUE Market value of the | | | | for the land. As always laws constantly change so |
| property and NOT based on the amount you paid | | | | please make sure you check on this with your |
| for the property, thus bringing you a nice profit at | | | | attorney of choice so you do the right thing. |