Welcome back to the daily Real Estate Syndication Show! I’m your host, Whitney Sewell. Today, we delve deeper with our guest, Eric Most, exploring ways to enhance your stewardship of assets, covering property, finances, and time. Eric shares a wealth of knowledge on charitable giving strategies surpassing the traditional 1031 exchange plan, offering alternatives that don’t require waiting for the end to reap benefits.
Eric highlights the generosity inherent in U.S. tax laws, especially for charitable giving when leveraged effectively. He explains that increasing contributions results in more substantial tax benefits. Illustrating a scenario where Pete considered allocating up to 50% of his business to NCF before a sale, Eric shows how Pete could potentially donate $1.375 million, reducing his take-home amount by only $175,000 compared to his initial plan.
The conversation also emphasizes the triple tax advantages of incorporating real estate into charitable strategies: a fair market value deduction, depreciation recapture avoidance, and tax-free income during property ownership before a sale. Eric points out that these benefits are often overlooked due to limited knowledge among CPAs and tax attorneys regarding charitable giving strategies. He reassures listeners that NCF is ready to educate and collaborate with financial professionals to optimize the impact of charitable efforts.
Eric concludes by emphasizing that donated funds must be allocated for charitable purposes and cannot be used for personal gain. He also explores advanced strategies, such as donating intellectual property rights, which can yield even greater tax efficiencies.
For those eager to learn about seamlessly integrating charitable giving into real estate and business ventures, this episode is a must-listen. Remember to like, subscribe, and share the Real Estate Syndication Show with friends who could benefit from these strategic insights.
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About Eric Most:
Eric Most, a seasoned stewardship professional with over 17 years of diverse experience in insurance and nonprofits, currently serves as the President for the Rocky Mountain Region at the National Christian Foundation (NCF). In this role, he collaborates with givers, business owners, leaders, and families, providing personalized solutions and trusted education. Eric also hosts The Generosity Now podcast, where he conducts insightful interviews on generosity, stewardship, and legacy. His mission is to inspire greater generosity and Kingdom impact, extending beyond the Rocky Mountain region.
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