SOT: Car donation, any suggestions, experience?? |
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SOT: Car donation, any suggestions, experience?? |
jhadler |
Dec 29 2008, 05:04 PM
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#1
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Long term tinkerer... Group: Members Posts: 1,879 Joined: 7-April 03 From: Lyons, CO Member No.: 529 |
Hey all,
The wife and I are planning on acquiring a (wait for it...) minivan.... We need to thin the heard, and we have this old (1980) Volvo 240 that's been doing nothing for months now. Were thinking of donating it and taking the write-off this year. I was wondering if any of you have experience with this? Suggestions? Thanks! -Josh2 |
flippa |
Dec 29 2008, 07:31 PM
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#2
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Advanced Member Group: Members Posts: 3,177 Joined: 7-May 07 From: Boston, MA Member No.: 7,720 Region Association: North East States |
I donated several as well in the past to Volunteers of America.
The IRS rules changed in 2006; you only can write off the actual sale price of the vehicle. You may make out better selling it on your own. |
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