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Real Estate—Bargain Sale

Bargain Sale of Real Estate Diagram. Description of image is listed below.

How It Works

  1. You sell property to MKA for less than its fair-market value—usually what you paid for it
  2. MKA pays you cash for agreed sale price, and you receive an income-tax deduction
  3. MKA may use or sell the property

Benefits

  • You receive cash from sale of property (sale price is often the original cost basis)
  • You receive a federal income-tax deduction for the difference between the sale price and the fair-market value of the property
  • MKA receives a valuable piece of property that we may sell or use to further our mission

Contact Us

Chris Kenrick
Associate Director of Philanthropy
973-509-7933

Montclair Kimberley Academy
201 Valley Road
Montclair, NJ 07042

Federal Tax ID number: 23-7365263

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