Car to be donated

[David1980]

Keep in mind that if the donation is more than $5,000 you need an appraisal.

[Burke]

See TB page 4-20 for requirements including VIN of vehicle. Also see Form 1098-C which covers the deduction of cars. Copy of one or other has to be attached to tax return. FMV of car for deduction will be "private party sale" value on KBB at time of gift, since it will not be sold. Good idea to print this out in timely fashion, as values change monthly and you can't get it for a prior date if you wait until tax return is due.

[JON]

to a small not for profit charity.. The Kelly Blue Book value (2002) is somewhere between $7,500 and $10,500. It is going to be used by the charity - rescue animals - what does the charity have to make out and give to my client. They seem confused as they have not done this before (non cash).