I need to make room for my wife's new car and need to get rid of my old 98 sebring convertible. It would need to be cleaned up a lot and I don't think I'd get much for it since its got +160k on the clock.
Anyone have experience with donating a car to charity? |
you can donate it to me, Unknown Foundation :dance: click here for your $30 tax credit :lol:
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Originally Posted by unknown' post='708734' date='Oct 31 2008, 12:42 PM
you can donate it to me, Unknown Foundation :dance: click here for your $30 tax credit :lol:
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i did that once.. my husband had the crappiest ford bronco that didnt run well at all.. died on me all the time.. and was worth maybe 50$... we donated and wrote it off on taxes and got way more then id ever get ont he street for that piece of crap.. do it..! youll get book value
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:confused: Not sure where, but I think you can right it off on your taxes if you do.
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Donating your old car is a great cause. :thumbsup: But the tax law has changed for how much you're allowed to write off. I believe you can only claim 50% of the book value, I can be wrong. Please do some research before writing off on your taxes.
What are you getting for you wife? The M5! :whistle: |
Donate it to the local church...! FYI all...my 1001 post :lol: :dance:
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I have a charity, its called the Human Fund, pm me for details.
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donate it! it would be a tax deductable
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My two cents. Read the form and the instructions, specifically the bottom of page 3 of the instructions...Good Luck!
http://www.irs.gov/pub/irs-pdf/f8283.pdf http://www.irs.gov/pub/irs-pdf/i8283.pdf |
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