A “gut to studs” remodel can result in
lots of reusable building materials.
Remodeling? Taking down a home or building? Excess materials from a project? You have the opportunity to help the environment, and get paid for doing it!
The federal government allows a tax deduction for those materials donated to a participating nonprofit.
This tax deduction can help offset the cost of deconstruction projects, and is a much better deal for the environment than sending the materials to the landfill.
Take a look at some examples of possible projects and eligible materials!
Read what AndersenTax.com says about deconstruction and reusable building materials!
Read what the WSJ says about Charitable Donation of reusable building materials…
Why It Makes Sense…
- As a homeowner, you want to make sound environmental choices. Diverting an entire dwelling of building materials from the landfill is a great way to do that. Nationwide, construction and demolition waste accounts for 12-50% of the entire waste stream (4.3 million tons of C&D waste per year in CA alone!)
- Deconstruction typically costs more than traditional demolition. It’s far more labor intensive to take a building down piece by piece, rather than simply destroy it.
- You can offset the cost of deconstruction by donating the reusable building materials to a qualified non-profit. Under the right conditions, you can receive a tax advantage for the donation.
- As you can imagine, the possibility for abuse is large. As a result, the IRS REQUIRES a qualified independent third party appraisal of the value of the building materials before you can claim the deduction.