Real Estate—Bargain Sale

Bargain Sale of Real Estate Diagram

How It Works

  1. You sell property to Millikin for less than its fair-market value—usually what you paid for it
  2. Millikin pays you cash for agreed sale price, and you receive an income-tax deduction
  3. Millikin 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
  • Millikin receives a valuable piece of property that we may sell or use to further our mission

More Information

Contact Us

Alumni and Development Office
217.424.6383

 

Millikin University
1184 W Main Street
Decatur, IL 62522

Back

© Pentera, Inc. Planned giving content. All rights reserved.