The trust would then sell the realestate to the realestate developer. Moreover, they are willing to pay 14 million dollars for her 80 acres. If the capital gain rate is 15%, this saves $2,100,000 in capital gains taxes. Here is an example that applies to anyone contemplating selling a highly appreciated asset. She will get a huge tax deduction based on her charitable contribution to the trust. They want to build a giant shopping mall [...] She can name any number of charities to receive the 14 million in the trust when she dies.
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