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I have a piece of property worth $600,000 with a basis of $100,000. I would like $300,000 of the value to go to charity and
I have a piece of property worth $600,000 with a basis of $100,000. I would like $300,000 of the value to go to charity and I would like to keep $300,000 of the value. What is the difference in the capital gain if I sell this property for $600,000 and give $300,000 in cash to the charity ("sale then gift") as compared to selling the property to the charity for $300,000 ("bargain sale"), allowing the charity to then sell the property for $600,000? 1. The capital gain from the "bargain sale" is $500,000, and the capital gain from the "sale then gift" is $250,000 2. The capital gain is the same 3. The capital gain from the "bargain sale" is $500,000, and the capital gain from the "sale then gift" is $200,000 4. The capital gain from the "sale then gift" is $500,000, and the capital gain from the "bargain sale" is $250,000 5. The capital gain from the "sale then gift" is $500,000, and the capital gain from the "bargain sale" is $200,000 00 0 e ga
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