Real Estate—Bargain Sale

Bargain Sale of Real Estate Diagram

How It Works

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

More Information

Contact Us

Connie Ozyjowski
Assistant Vice President for Advancement Services
503-943-7479
ozyjowsk@up.edu

 

University of Portland
5000 N. Willamette Blvd.
Portland, Oregon 97203-5798

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