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A "bargain sale" usually means a tax deduction. You sell on the cheap to a charity, and what you don't get in sales price you get in a charitable contribution deduction. That's the theory ...
The IRS seems to be stuck in its conservation easement attack mode even in the recent bargain sale case, Davis v. Commissioner, T.C. Memo 2015-88, which was issued by Judge Paris last week.
A bargain sale is a unique planning opportunity for the owner of real property to receive cash and obtain a charitable contribution, while reducing the tax burden and performing a public service.
Q: Was that for the entire island? A: No, the Battery was extra. Q: What is a bargain sale to charity in today's tax world? A: It's a sale of long-term-appreciated property to a public charity at ...