Donating Property To Charities
Is there a minimum holding period required to receive maximum tax benefit when donating a property to a charity? For instance how long must I own a property to be assured the donation value will be calculated on resale and not my purchase price. Thanks in advance for info...
I would think that the appraised value at the time that the gift was made would apply... To my knowledge, there is no minimum holding period.
[addsig]