Upcoming Foreclosures

If persons donated their homes before foreclosure is it a tax deduction?

Homelessness is on the rise so if so many empty houses and so many homeless persons were united by tax donations to the non profit sector to begin housing units for homeless. The government then or would reimburse donators and they could get rid of their white elephants to persons in need and the taxes would only need to be paid due to gift and exchange of properties after a realistic appraisal?

Public Comments

1. Sorry sweetie it doesn't work that way.
2. Imagine homelessness on the rise during a fully democratic controlled govt....
3. no
4. I'm not an accountant, but . . . 1. You would still be on the hook for the negative equity of your home, so its not like you're offsetting it with a tax deduction. 2. The mortgage company still has a lien on the property, so you might not be able to donate it in the first place. 3. The government has no money to reimburse people. We're $10 trillion in the hole.
5. You can't donate what you don't own.
6. Only if you donate it to the God of Fire, and you have insurance on it.
7. foreclosure, no deduction. nice try.