Quote:
Originally Posted by tis
I don't think Brook and Bridle is Robert's Cove. However, I did hear today that it IS the B and B property. I wonder if Brewster is going to sell it. If so, why wouldn't the Curveys just donate the money??
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I believe that is better financially to donate the land if Brewster is a nonprofit organization.
If Curveys sold first they would have to pay taxes on the sale and be able to donate less and the charitable donation they could write off on their taxes is less.
If they donate the land they get to claim the full value of the land as a charitable donation. Then Brewster can sell the land without paying taxes on it (I think). Everyone gets full value.