Building donated to Church from S Corporation

[Hamacher]

I have an S Corp. client that donated a fully depreciated building to a church. Would they be able to take a charitable contribution deduction for the value of the building or because the basis is zero would they not get a benefit?

If they can take the deduction, how does it appear on the return?

Thanks in advance.

[rgtaxservice]

...

Donations pass thru to the shareholders on the K-1.
With a zero basis there is nothing to claim.

[Davc]

Not true unless the real estate was 1245 property. See TTB 4-16. Generally the deduction is FMV for real estate.

[Hamacher]

Anyone Else Have any Idea?

Not true unless the real estate was 1245 property. See TTB 4-16. Generally the deduction is FMV for real estate.

I've asked a few other local accountants and I keep getting mixed opinions. Anyone else have a thought? If you do get FMV how is it presented on the return? What would be the journal entry?

Thanks again!