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Updated almost 11 years ago on . Most recent reply

Marcus Isaac's profile image
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Marcus Isaac
  • Wholesaler
  • from Newark, Delaware
  • Member since Aug 8, 2012
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Marcus Isaac's profile image
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Marcus Isaac
  • Wholesaler
  • from Newark, Delaware
  • Member since Aug 8, 2012
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Marcus Isaac
  • Wholesaler
  • Newark, DE
5
Votes |
36
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Tax, SDIRAs & Cost Segregation

Writing off a house?

Marcus Isaac
  • Wholesaler
  • Newark, DE
Posted

If a guy owns a house free and clear, and agrees to give it to me for free can he write it off on his taxes? If so, would he just use the tax assessed value? If not, is there any type of credit he could get for doing this?

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Patrick L.'s profile image
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Patrick L.
  • Real Estate Investor
  • from Saint Petersburg, Florida
  • Member since Mar 13, 2013
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Patrick L.'s profile image
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Patrick L.
  • Real Estate Investor
  • from Saint Petersburg, Florida
  • Member since Mar 13, 2013
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Patrick L.
  • Real Estate Investor
  • Saint Petersburg, FL
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Patrick L.
  • Real Estate Investor
  • Saint Petersburg, FL
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Not unless you're a registered 501(c)(3) charity.

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