Gain a better understanding of how to handle the taxation of appreciated property gifted to a nonprofit.
The donation of appreciated property can significantly benefit donors and charities, but involves an entanglement of tax rules on donations. With the 2017 Tax Cut and Jobs Act limiting other deductions, charitable deductions gain greater importance as a tax reduction tool.
This topic will cover charitable tax reduction planning strategies and working with the deduction limitations. Special concerns covered will include charitable remainder trusts, bargain sales, and the 170(m) exception to self-created intellectual property
- You will be able to review the general limits affecting appreciated property.
- You will be able to define pass-through entities.
- You will be able to discuss substantiation basics.
- You will be able to identify
This Live Webinar Covers These Hot Issues:
- General Incentives for Donating Appreciated Property
- Use of Charitable Remainder Trusts
General Limits Affecting Appreciated Property
- 50% (60%) Charities
- 30% Charities
Capital Gain Properties General Limit
Impact of 2017 Tax Cut and Jobs Act
- Change in Limit
- Change in Standard Deduction
Additional Appreciated Property Limits
- Ordinary Income Reduction
- Special Capital Gain Limits
- Partial Limit Inventory/Depreciable Property
Section 1256 – Mark to Market Rule
- Zero Coupon Bonds
- Options/Commodities Futures
- Corporate Limitation
- 5-Year Carry-Over Rule
Pass-Through Entities – Appreciated Property
- Basis Adjustment (1367(a)(2))
- Timing of Deduction
- Partnerships (Rev. Rul. 96-11)
- Estate/Gift Tax Returns
Income Tax Returns
Qualified Appraisal Requirements
Examples and Issues
- Bargain Sale Rule
- Fractional Interests
- Artwork, Jewelry and Collections
Credit Information (Sponsored by Lorman Education Services):
For Detailed Credit Information page click here
Only registered attendee will receive continuing education credit.
Cameron L. Hess, Esq., CPA, MBT, Wagner Kirkman Blaine Klomparens & Youmans LLP
- Partner with the Northern California law firm of Wagner Kirkman Blaine Klomparens & Youmans LLP
- Practice focuses on real estate, business (including nonprofit) and tax representation, with an emphasis on property taxes, sales taxes and unitary income taxation
- Previously managed KPMG's state and local tax practice
- Past property tax columnist for Spidells California Taxletter
- More than 28 years of experience
- Chair of The RED Group, a CalCPA Sacramento Real Estate think tank, 1992 to 2012
- Chair/past chair – CalCPA Real Estate Conference (California conference and Sacramento Chapter Conference) 2002 to 2012
- President, Rental Housing Association of Sacramento Valley