Sunday, April 28, 2013

Can I get a tax deduction if I give my car to a family member?


Q : Can I get a tax deduction if I give my car to a family member?
I know you can get a tax ID number if you donate your car to charity, but you can get a gift from your car to the Chadian family I prefer to give the car to my brother-knowing his family needs a car. So let me know if I can get a tax identification number to car

A : No, you may not need to be a real charity. Otherwise, everyone calls when the gift is just a gift for a family.
It may not be for you anyway if you do not remove the charity must sell the car to determine the discount. If it is used in charity work that you do not have to declare the value.

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