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No more Tax Deductions for Donating your building to the Fire Department

The IRS will no longer allow a property owner to deduct the value of a building donated to the fire department for training. Such donations have been a common way for the fire districts in the Lake Chelan area to train their firefighters. This removes any financial incentive for those donations.

For the full story, go to the Lake Chelan Real Estate Blog

Posted Thursday Oct 22