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Joined: Jul 2004
Posts: 864
Veteran CEG\'er
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Veteran CEG\'er
Joined: Jul 2004
Posts: 864 |
Originally posted by BBorges: Originally posted by TheAlmightyMe: Be careful when choosing a chairity, as you may end up with something like a $50.00 deduction.
SCARY !!!!
How do i know if they'll try to sell it at a good price??
Can I use the $500 minimum value next year when doing my taxes? 
Damn... $50 is bad.. but better than $40 to junkyard... those phuckers charged me $60 for each front window and now they want to pay me $40 for the whole car !!!
It entirely based on sale at the auction. If the car is donated to a relegious or childrens charity (i.e., one not likely to sell the car, but keep it and use it) I belive you can still get the full market value deduction. Check the IRS website link in my earlier post.
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