Turn Roy Property Into Community Impact

The deduction for real estate is generally capped at 30% of adjusted gross income in the year of the gift, but any excess carries forward for up to five additional years.

Selling first triggers capital gains tax and sale costs, shrinking the amount left to give and to deduct. Donating the property directly skips the gain entirely and bases the deduction on full fair market value — usually the more efficient route for appreciated Roy real estate.

Absolutely. Second homes and vacation properties are common donations — they often carry significant appreciation and ongoing costs that a gift resolves at once.

Yes. Undeveloped land, empty lots, and parcels around Weber County are all eligible. Land is often a strong candidate to donate because it produces no income while still generating a property tax bill.

Yes. There is no limit on the number of properties you can donate. Each gift is appraised and documented separately, and donors with several holdings sometimes give more than one.

A charitable deduction only lowers your taxes if you itemize. If you take the standard deduction, a property gift still avoids capital gains and ends the carrying costs, but the charitable write-off itself would not apply — your tax advisor can weigh this for your situation.