Car Donations Irs
July 9th, 2008Car Donations Irs
Question: Can someone clarify car donations to charity in IRS terms?
I work for the YMCA and we are trying to figure out how to handle selling donated cars within the guidelines of the IRS.
Answer: The charity must tell the donor what the car sold for and the donor can deduct that amount.
Car donation CT Connecticut=Huge IRS warning!
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