Search Help


Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
January 2006


Word Count:
570

 

 

Van Donation Valued at Sale Price, Not Blue Book or Appraised Value


Under the law as it exists today, the charity must tell both you and the IRS what it received from the sale of a vehicle you donated. Your deduction is equal to the sale proceeds.

 

In 2000, the year to which this court case applies, this was not the case. The law allowed the donor to deduct the fair market value of the vehicle on the date of the donation. This case helps illustrate why lawmakers found the concept of ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee



 

SS