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Financial Planning / Tax Strategies


Subject:  Re: Donate Car for Tax or Sell? Date:  9/11/2007  5:26 PM
Author:  vkg Number:  95812 of 124795

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.

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