Vehicle donated to a qualified organization. Transmission was out on vehicle. Organization fixed the transmission and says that they gave car to a needy person. What type of deduction can my client claim? What type of document would my client need to substantiate for IRS?
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My Granny -
See TTB, page 4-19 under Written acknowledgement. Among things that need to be in the written acknowledgement is information on whether the charity significantly used or improved the vehicle before sale or given to needy person. You can't deduct the value of the improvement since the TP did not improve the vehicle.
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