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"
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra