Skip navigation
TE-philanthropy.jpg

Mann v. United States: Lost Opportunity to “Salvage” A Deduction

Christopher P. Woehrle examines the “demolish and construct” strategy.

The scarcity of land for residential use in urban and suburban areas makes relocating more difficult than building a residence on undeveloped land. It may be more practical, though possibly more expensive, to buy a new residence in a desired neighborhood with the goal of destroying it and building a new one. Some taxpayers got the idea of donating a building about to be demolished to firefighters for their training and taking a charitable deduction for the value of the building, known as a

All access premium subscription

Please Log in if you are currently a Trusts & Estates subscriber.


If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.


Questions about your account or how to access content?


Contact: [email protected]

TAGS: Philanthropy
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish