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Investors & landlords
No. A tax rule known as the “partial interest rule” prevents landlords from
claiming a charitable deduction in these circumstances. This rule
generally allows a deduction only if the donor contributes the ‘entire
interest’ in the property, or an undivided share of the entire interest.
The only way you can get a tax deduction is by donating all or a part of the property ownership to a qualified charity.
The only way you can get a tax deduction is by donating all or a part of the property ownership to a qualified charity.
June 6, 2019
5:12 AM