Friends of Louisiana
Public Broadcasting

7733 Perkins Road
Baton Rouge, LA 70810

1-800-272-8161 x4214 or
225-767-4214
Fax: (225)767-4286
Tax Identification
Number: #72 -0794108

Planned Giving »»»

Text Resize

Bargain Sale

Bargain Sale
Property
Sale Portion
LPB
Bargain Sale
Friends of LPB purchases your property for less than fair market value. You receive the cash and a charitable deduction for the difference between the market value and purchase price.

How a Bargain Sale Works

  1. You sell Friends of LPB your property for a price less than fair market value.
  2. You receive the cash from the sale and a charitable deduction for your gift to Friends of LPB (the difference between the market value and purchase price).
  3. While you may owe some tax on the amount you receive from Friends of LPB, the charitable deduction from your gift could offset your taxes this year.

Benefits of a Bargain Sale

If you are considering selling your property, a bargain sale will help you meet all of your goals.

  • Avoid capital gains tax on your charitable gift.
  • The deduction from your gift will give you valuable tax savings that may reduce your tax bill this year.
  • With the cash received from the sale, you may then reinvest to create more income for your future.
  • Best of all, your gift will help Friends of LPB further its work.

scriptsknown
Privacy Policy    |    Public & EEO Reports    |    louisiana.gov    |    LPB Webmail   |    Closed Captions   |    Contact & Address
© 1995 - 2018 LETA. All Rights Reserved.
© 2018 Crescendo Interactive, Inc. PRIVACY STATEMENT