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Appreciated & Depreciated
Discussions of gifts of real property (including stock and real estate) often assume that the property has appreciated in value since the time you acquired it. This usually allows a saving of capital gains tax by donating the property. But in instances where property has depreciated in value, it is sometimes better to sell it first and then contribute the proceeds to St. Lawrence. In this way you may be able to declare the capital loss as well as a gift. As always, it is best to consult with your tax advisors and St. Lawrence before making any gift.
Special Note: A gift of appreciated property is no longer a preference item for the alternative minimum tax and is not subject to the alternative minimum tax.
This web page does not provide legal or financial advice, nor is it intended as a comprehensive review of the topic. You should consult your attorney, tax advisor and St. Lawrence before making or planning your gift.
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