Recently, an old part of the federal tax code has been increasingly used to benefit non-profits, while making sellers considerable amounts of money. It’s called a 170 exchange, and it’s time you learn about how it works. What is a 170 exchange, anyway? A 170 exchange is a real estate transaction that permits owners of real estate to sell their properties, and use some of the proceeds of that sale as a tax deduction. This is achieved due to its status as a charitable donation, as the owner sells their property to an entity that is a registered non-profit. The…
What exactly is a 170 exchange, and how can it benefit me?
