Posts Tagged ‘Value’
I donated a car to charity. I only got a notice stating the model and year, no $ value. What amount to deduct?
I know IRS wants $ amounts. I insisted in getting some $ evaluation from the charity, or a disclosure of the price the car has been auctioned for, but this organization stands firm. They say they can only confirm my donation without getting into the financial aspect. They advised me to discuss the issue “with my accountant”. I do not have one and I don’t think it is worth spending extra money just for clarifying this issue.
Can I include the value of recent repairs in my tax write off when donating an old car?
I would like to donate a very old and beaten up car. In addition to the Kelly Blue Book value for my car, I would like to claim the $700 in necessary repairs I recently had performed. Without these repairs the car could not operate, and would have obligated the receiving charity to cover the costs (or reject the car).
The value of the repairs increases the value of the donated goods, the way I see it. How does the IRS see it?
I Am Thinking About Donating My Car To The Salvation Army, How Can I Get The Value Back From Taxes?
Old Car With Little Or No Trade In Value? Support Your Favorite Public Television And Radio Programs By Donating Your Unwanted Vehicle!
Instead of selling, trading or storing your vehicle, you can donate your car, truck, motorcycle, boat, recreational vehicle or camper. It’s simple and easy to make a contribution that supports WMFE…
What % Of The Kelly Blue Book Value To You Get When You Donate A Car To Charity, And Is Your Income Factored?
I am donating a 93′ Tercel with 90K miles, how much money will I get, and how will I get it.