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    Charity

    If I give my brother a car as a gift, can I write off the value?

    #2
    No but if it is worth over $14,000 you get the pleasure of paying tax on your gift.
    "Dude, you are correct" Rapid Robert

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      #3
      Sure. If your brother is a charity, that is.

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        #4
        Originally posted by vseals View Post
        If I give my brother a car as a gift, can I write off the value?
        You need to start with the basics first. That is, in order for a charitable deduction, the organization has to be a QUALIFIED charitable organization.

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          #5
          Originally posted by Dude View Post
          No but if it is worth over $14,000 you get the pleasure of paying tax on your gift.
          15K for 2018, and tax likely not due. Just need to file return.

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