Christian Posted February 17, 2015 Report Share Posted February 17, 2015 A client donated a pickup truck to a charity last year. He tells me the Blue Book value is shown as $1,000. My understanding of donated vehicles is that a client can deduct only what the charity receives for the donated vehicle. What is y'all's understanding ? Quote Link to comment Share on other sites More sharing options...
jklcpa Posted February 17, 2015 Report Share Posted February 17, 2015 It might depend on who the charity sells it to. There is a different handling if the charity sells it to a needy person at an amount greatly below its value. Here's the IRS pub specific to donors of vehicles that explains each of the limitation regarding donated vehicles: http://www.irs.gov/pub/irs-pdf/p4303.pdf 3 Quote Link to comment Share on other sites More sharing options...
michaelmars Posted February 20, 2015 Report Share Posted February 20, 2015 if the charity uses it in their function then you get blue book. best to give an old car to the fire department to burn up and practice rescues with. get full blue book. Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted February 20, 2015 Report Share Posted February 20, 2015 For the most money in his pocket, sell it on the street. Quote Link to comment Share on other sites More sharing options...
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