Hey all
My parents have this junky car that I want to donate so that I can get rid of it and also claim a tax deduction. I have some questions that maybe some of you guys/gals with more experience can answer
1) The car is under my parents name. Do I have to do anything to claim it as my deduction? Change the car to my name?
2) How much can I deduct? Is this self determined or is it determined by the organization I am donating the car to?
Thanks!!
My parents have this junky car that I want to donate so that I can get rid of it and also claim a tax deduction. I have some questions that maybe some of you guys/gals with more experience can answer
1) The car is under my parents name. Do I have to do anything to claim it as my deduction? Change the car to my name?
2) How much can I deduct? Is this self determined or is it determined by the organization I am donating the car to?
Thanks!!
