- My Friend Wants To Donate A Car To Another Friend But Wants A Tax Write Off? How Does He Go About Doing This ?
- Is there anyone willing to donate a free running car to a friend around Detroit metro area?
- If I donate a car worth $3000, how much can I write off in my taxes?
- If I donate a car now will I be able to write it off on this years taxes?
Can I get a tax write off if i donate my car to a friend and if so how?
22
Apr
the tax lady
April 22, 2010 at 12:26 pm
Not possible.
Judy
April 22, 2010 at 12:28 pm
No, only if you donate it to a registered charity, not to an individual, and even then only if you itemize. A “donation” to a friend is called a gift and isn’t deductible.
Stewie_knows
April 22, 2010 at 1:02 pm
No, Registered Charity’s only are deductible..