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My Friend Wants To Donate A Car To Another Friend But Wants A Tax Write Off? How Does He Go About Doing This ?

13 Sep

So he donates a car to another friend or stranger HE doesn’t want to donate to a charity but to another person. Can he still get a tax write off? If so what does he need to have ? Forms?Deeds?Receipt? What does the need to have to prove he gave the car free for donation to the other person so that he can get tax write off in VA

 
4 Comments

Posted in Car Donation Orange County

 

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  1. Mutt

    September 13, 2009 at 1:59 am

    That is known as a gift and it is not deductible. The tax code allows deductions for charitable contributions because congress wants to encourage charity, but congress doesn’t care if you give a gift to a friend and so no tax deduction is allowed.

     

  2. Latina With A booty

    September 13, 2009 at 2:05 am

    He can’t. It has to be a non-profit organization to get a tax write-off.

     

  3. laughter

    September 13, 2009 at 2:23 am

    You can only get a deduction for charitable contributions to non-profit organizations, then it needs to be in “good” shape.

     

  4. Scott K

    September 13, 2009 at 3:05 am

    uh…the only way is if the person is a charitable org.
    period.
    Otherwise all car transfer’s would be “donations”