Monday, June 05, 2006

 

The IRS issues: A Donor's Guide to Car Donations Part-4

3. Be honest in determining the value of your car. Only the fair market value can be deducted. This is usually not the same as the "high blue book value". If the fair market value exceeds $5,000, you must have a written appraisal.

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# posted by pefunding.net @ 6:35 PM 0 comments

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