Real Estate—Bargain Sale
How It Works
- You sell property to Wentworth for less than its fair-market value—usually what you paid for it
- Wentworth pays you cash for agreed sale price, and you receive an income-tax deduction
- Wentworth 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
- Wentworth receives a valuable piece of property that we may sell or use to further our mission
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Contact Us
Katie DePrimo, MSEd
Executive Director, Lifetime Engagement & Annual Giving
(617) 989-4218
deprimok@wit.edu
Federal Tax ID Number: 04-1958460
Wentworth Institute of Technology
ATTN: Katie DePrimo, MSEd
550 Huntington Avenue
Boston, MA 02115
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