02-02-2005, 06:24 PM
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 Re: determining vehicle donation deductions Dave S wrote: - quote - > I donated a vehicle to charity in 2004. Kelley Blue Book
Are all of these "values" adjusted for mileage, accessories,> calculated its retail value to be $4900. Using Edmunds.com > the retail value was $2800, and the private sale value was > $1800. > I think the Kelley Blue Book value is too high. Would I be > safe using the average between retail and private 'fair > market value' from Edmunds ($2300) as an amount to enter on > my 2004 tax return? Thanks for any advice. and condition of the car? If so, your selection seems reasonable. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
01-30-2005, 09:43 PM
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| determining vehicle donation deductions I donated a vehicle to charity in 2004. Kelley Blue Book calculated its retail value to be $4900. Using Edmunds.com the retail value was $2800, and the private sale value was $1800. I think the Kelley Blue Book value is too high. Would I be safe using the average between retail and private 'fair market value' from Edmunds ($2300) as an amount to enter on my 2004 tax return? Thanks for any advice. Dave << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| deductions, determining, donation, vehicle |
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