What is a charity organization receives donated property worth $7 million, what are the rules for selling the donated property? How soon can the property be sold and can it be sold for an amount less than the donated value?
1 Answer from Attorneys
This charity would seem well advised to consult with its tax
attorney/adviser who regularly advises it on tax or other
legal matters and who should be in a far better
position with respect to his or her knowledge of the numerous relevant factors that might be applicable to this situation than anyone in this forum might be in answering this question.