Contributing car to charity

[rajp53]

My 96 OBW with 178,000 and a blown headgasket is no longer worth
keeping. As I would expect very little if anything as a trade-in, can
anyone recommend a reputable charity to give the car to. I am in the
NYC area. Thanks.
R--

 

[Edward Hayes]

You could also part-it-out or sell it as a mechanics special or maybe
advertise it on Subaru NGs. If your honest, the amount you can claim
on your taxes as a deduction will be much less. I've read that the IRS
is getting very luscious of car & boat deductions being too high and
are pulling people in for audits.

 

[Remco]

My 96 OBW with 178,000 and a blown headgasket is no longer worth
keeping. As I would expect very little if anything as a trade-in, can
anyone recommend a reputable charity to give the car to. I am in the
NYC area. Thanks.
R--

I donated my Saab a couple of years to the kidney foundation - they
come pick it up with donated time from a local towing company. I am in
SW CT, about an hour away from you - suspect they have a similar
arrangement for NYC.

Remco

 

[Rick Courtright]

on your taxes as a deduction will be much less. I've read that the IRS
is getting very luscious of car & boat deductions being too high and
are pulling people in for audits.

Hi, Ed

After several years of investigating "vehicle donation deduction"
claims, IRS has changed the rules for deductions on donated vehicles
(eff 1-01-05): the vehicle is donated to the charity as always, the
charity gives the donor a receipt for the car w/ no value listed, the
car goes to auction, the auction house furnishes the charity with an
accounting of how much the car sold for, and the charity forwards this
info to the donor (and, IIRC, the IRS as well.) The actual amount the
vehicle sold for is the deduction value now, not a "claimed" fair market
value as before. Saves a lot of audit time!

Rick

 

[Nick Danger]

You could also part-it-out or sell it as a mechanics special or maybe
advertise it on Subaru NGs. If your honest, the amount you can claim on
your taxes as a deduction will be much less. I've read that the IRS is
getting very luscious of car & boat deductions being too high and are
pulling people in for audits.

luscious?

 

[Edward Hayes]

Suspious