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One charitable gift, a lifetime of benefits

  • Your gift will help Third Millennium Ministries fulfill its mission
  • You will enjoy a wide variety of tax benefits
  • You will give back to the causes that mean the most to you
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Bargain Sale

Do you have property that you would like to sell? Are you looking for a strategy to reduce your income taxes? A bargain sale might be the right strategy for you.

Bargain Sale
Property
Sale Portion
Third Mill
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Benefits of a bargain sale

  • Avoid capital gains tax on your charitable gift
  • Receive a tax deduction that will reduce your tax bill this year
  • Take the cash received from the sale and reinvest it to create future income, save for retirement, buy new property, or achieve other financial goals
  • Help Third Millennium Ministries further our important charitable work

How a bargain sale works

  1. You sell Third Millennium your property for a price less than fair market value.
  2. You receive cash from the sale.
  3. You can take a charitable deduction for the value of your gift, which is the difference between the fair market value of the property less the sale price.
  4. While you may owe some tax on the sale proceeds you receive from Third Mill, the charitable deduction from your gift could offset some, most, or all of your capital gains taxes associated with the sale.

More on bargain sales

A bargain sale may be accomplished even if you have a mortgage on your property. Because relief from indebtedness can have tax implications, please consult with your tax advisor prior to completing a gift of a bargain sale.

Contact us

If you have any questions about a bargain sale, please contact us. We would be happy to assist you and answer any questions you might have.

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