Showing posts with label sell my car. Show all posts
Showing posts with label sell my car. Show all posts
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.
Labels:
car to charity,
donate a car,
donate your car,
how to donate your car,
sell my car,
tax refund
Shall sell or give my car?
Q : Shall sell or give my car?
I have a 1999 Nissan Maxima with 220,000 miles on it. Shooting break calipers and they want $ 300 + to fix. I just want to get rid of the car. Money is a problem now that I am a nursing student then how I could make a donation and amortized over taxes? Kelley Blue Book is about $ 2,500. Or should I try to sell it?
A : When you donate a car that put the indicative cars. So if you value your car at $ 3000, you get a tax credit of $ 3,000! Sell only make like $ 1000 or more.
Labels:
car to charity,
donate a car,
donate your car,
how to donate your car,
sell my car,
tax refund
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