Since you've got to pay tax on that anyway.This would give you growth in both real estate and equities, slowly re-allocate your portfolio, and do it without that huge tax bill of a real estate sale. 

The property is due for tax sale in Q1 2026.

Under the One Big Beautiful Bill Act (OBBBA), the rules for the tax deductibility of charitable donations change starting in 2026 — and for someone giving about 10% of their gross income each year, it meaningfully affects how much of that giving will reduce taxable income (and thus lower taxes).Under the new law, if you don’t itemize deductions (i.e. you take the standard deduction), you will be allowed a new “above-the-line” deduction: up to $1,000 for single filers or $2,000 for those married filing jointly.

Curious how this affects our taxes.

Hey William, what you said about S-Corp being a tax filing status and not an entity formation is spot on; that’s a common point of confusion.

My tax advisor strongly cautions against rushing to claim the full tax deduction for the 2025 tax year.

But taxes took everything. 

The Tax Adviser+1Still worth it?

Yessss, Rohullah I appreciate all the feedback regarding taxes!

So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold  you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also.