 P NessYou'Ve Forgotten 9-11 AlreadyPremium
join:2001-08-29
way way out | reply to mcevoys
Re: [OT] anyone donate a car in CT? said by mcevoys:
The IRS laws have changed on auto donations...check with your accountant first.
they have changed but don't actually go into effect till next year.
now you get full value deduction to true value of the car.
next year you get actually what the car "sells" for as the deduction. so when you give to a charity you will have to wait for auction to get a deduction price. now you can blue book it - repair cost and other "true value" deductions
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