The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/it-is-unlikely-that-you-will-recover-a-third-of-25891012.aspx

Subject:  Re: Donate Car for Tax or Sell? Date:  9/11/2007  5:26 PM
Author:  vkg Number:  95812 of 121219

It is unlikely that you will recover a third of the Blue Book value as decreased taxes from as a donation. Charities rarely receive anywhere near the Blue Book value.

The price Carmax gives you is known. As a pure financial decision, sell the car for cash.

Debra
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us