Gifting your primary or vacation home, farm, or commercial property can relieve you of property taxes, provide a tax deduction, and give you the satisfaction of supporting KUVO in a substantial way.
Rental properties and time shares are not accepted by KUVO.
RETAINED REAL ESTATE
Federal tax law allows the donation of a personal residence (to include a vacation home) or farm with the donor retaining the right to life enjoyment. This type of donation is called a retained life estate and is an irrevocable gift. A life estate may be retained for one or more lives (passed down through family) or it may be retained for a term of years. All routine expenses, maintenance fees, property taxes, repairs, etc. are the responsibility of the donor. The donor receives income tax benefits in the year of the gift as well as estate tax benefits.
INFORMATION NEEDED BY YOUR LAWYER:
- Legal name: KUVO, LLC - wholly-owned by Rocky Mountain Public Broadcasting Inc.
- Address: 2900 Welton Street Suite 200, Denver, CO 80205
- Tax identification number: 84-0510785
Contact Ryan Welch: 303-620-5730, firstname.lastname@example.org