kepco
New Member

Is loaning a real estate to a qualified non profit organization tax deductible?

Hi

 

We have loaned a real estate ( a .45 acre lot) to a qualified non profit organization who uses them as  a community garden. The market value of the rent on the real estate is $3000/month, which I am not collecting from them. Is there any tax deduction that I can claim?  Can you refer an IRS document page number in this context that can help clarify the answer?

 

Thx