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Author: TaxService Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Donating a car Date: 1/27/1999 7:54 PM
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Any advice on donating a car? Is it too late to do this for a 1998 deduction?

***Too late for '98! When you donate a vehicle to a qualified organization, you may deduct the fair market value of the car as a charitable deduction on Schedule A (Form 1040) "Itemized Deductions". Many times, the Blue Book value is acceptable unless the thing has really become a junker. If, when added to your other itemized deductions, your contributions exceed your standard deduction, you will realize a reduction in taxable income. If gifts exceed certain limits, an additonal form (Form 8283) will be needed when you file your return. Get a receipt!!!!!!!!

"Jack"
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