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Real Estate—Bargain Sale

How It Works
- You sell property to Webb for less than its fair-market value—usually what you paid for it
- Webb pays you cash for agreed sale price, and you receive an income-tax deduction
- Webb 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
- Webb receives a valuable piece of property that we may sell or use to further our mission
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Contact Us
Hugh Nystrom '85 Director of Advancement 865.291.3837 Hugh.Nystrom@webbschool.org |
Webb School of Knoxville 9800 Webb School Drive Knoxville, TN 37923 Federal Tax ID: #62-0550980 |
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