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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 ?
0
votes
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
asked
6 months
ago
in
Donate a Car
by
SexyChick89
(
26,900
points)
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2 Answers
0
votes
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.
answered
6 months
ago
by
HomeEquityCreditHelp
(
26,560
points)
0
votes
You can only get a deduction for charitable contributions to non-profit organizations, then it needs to be in "good" shape.
answered
6 months
ago
by
breastplasticsurgery
(
27,680
points)
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