The Salvation Gift Planning Office - Kansas & Western Missouri Division
For Advisors
For Advisors
Annual Estate Planning Seminar
Advisor E-newsletter
Charitable Intent E-newsletter
Bequest Language
Give Now
Gift Planning Office
The Salvation Army
Kansas-Western Missouri

3637 Broadway
Kansas City, MO 64111
Tel: 800-336-4547 x 365
Fax: 816-968-0462
Office hours: Mon.-Fri.
8:00 am - 4:00 pm
legacy@usc.salvationarmy.org
Divisional Home
Text Resize
Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video
Mobile Video Button

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
Salvation Army
Charity image

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 The Salvation Army - Kansas and Western Missouri Division further our important charitable work

How a bargain sale works

  1. You sell The Salvation Army - Kansas and Western Missouri Division 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 The Salvation Army - Kansas and Western Missouri Division, 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.

Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video
scriptsknown