Capital Gains - How to Avoid?

General Real Estate Investing
1

Has anyone looked into setting up a “Private Charity” as a way to avoid capital gains taxes?

I ran across this site that claims they will set up a “Private Charity” and help avoid capital gains taxes.

Has anyone heard of this organization or know anything about this?

http://www.asset-protection-pros.com/no_more_1031.html

Thanks,

Dave

2

So, rather than paying capital gains taxes to the IRS you are willing to pay almost the same amount to this company as their transaction fee?

I don’t see how this really benefits you if the profit to be shielded is a modest amount (less than $100K), and only of marginal benefit for larger amounts up to $1MM.

It may be that I am a little dense, here, but I just don’t get how the money returned to you by the trust is not taxable income in some fashion which seems to negate the tax benefit of the charitable deduction.