thinking about donating my car

[TechBoyJK]

I have a 95 blue neon 4 door with 128,000 miles on it. can't find anybody to buy it. I was thinking about donating it since I saw on the news that up until Jan1, you can deduct the full market value of the car.

I'd like to get it off my hands. So, it I deduct say $2,000 for the value of the car, thats $2,000 taken off my net taxable income right?

 

[chrisms]

Donate it to me.

 

[Hankerton]

No, thats $2,000 off Scott's toilet tissue from Sam's club. Get with the program!!!

 

[AdamSnow]

I'd take the car... I'd love to have a neon for a winter beater.

 

[Trevelyan]

My dad is president of a non-profit organization that you could donate it to, if interested...

 

[flot]

Originally posted by: TechBoyJK
I have a 95 blue neon 4 door with 128,000 miles on it. can't find anybody to buy it. I was thinking about donating it since I saw on the news that up until Jan1, you can deduct the full market value of the car.

I'd like to get it off my hands. So, it I deduct say $2,000 for the value of the car, thats $2,000 taken off my net taxable income right?

Right, which means it's the equivalent of selling your car for about $600. You can't get anyone to buy the car for $600 !?!?

 

[Rumpltzer]

Originally posted by: flot

Originally posted by: TechBoyJK
I have a 95 blue neon 4 door with 128,000 miles on it. can't find anybody to buy it. I was thinking about donating it since I saw on the news that up until Jan1, you can deduct the full market value of the car.

I'd like to get it off my hands. So, it I deduct say $2,000 for the value of the car, thats $2,000 taken off my net taxable income right?

Right, which means it's the equivalent of selling your car for about $600. You can't get anyone to buy the car for $600 !?!?

I agree... for a 95 Neon, I'd think you'd be able to get more out of selling it than through the tax deduction.

Now, my 1987 Chevy S10 with 178K that had no hope of passing California emissions... that was a tax write-off!

 

[So]

Originally posted by: Trevelyan
My dad is president of a non-profit organization that you could donate it to, if interested...

The Human Fund?

 

[TechBoyJK]

my car doesn't pass emmissions. Its an easy fix though, just a new sensor and a catconvertor.....

 

[Semidevil]

just take it apart and sell it on ebay...

 

[tami]

i need a car for when i move out of the city once i get married. that's coming up soon. wanna donate it to us?

 

[AdamSnow]

Semidevil doesnt have that bad of an idea...

part it out...