How It Works

1. You sell property to Houghton for less than its fair-market value—usually what you paid for it
2. Houghton pays you cash for agreed sale price, and you receive an income-tax deduction
3. Houghton 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
• Houghton receives a valuable piece of property that we may sell or use to further our mission