Salto Jorge wrote:

- quote -

A charitable deduction flows through to Sch A itemized of
the partners. However, assuming you're not foisting a
vehicle with mechanical problems to a charity for their own
unwitting use, the charity will be selling the vehicle.
Your deduction is limited to what they get for it. The
balance of what it cost is a nondeductible, personal loss.
See IRS Pub 526, page 7.

If the charity keeps the car for its exempt purpose, then
the deduction will be the FMV, as if sold to a private party
and mechanical condition disclosed.

Fred F.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

LLP assistance, LLP will taken over the partners schedule
C's and more.

My Son and myself formed a LLP to roll our slightly
overlapping Schedule C's together and one I do with my wife.

In the first part of the year we purchased a 1999 DeVille
from a private party as the LLP.

This vehicle was never used for a company or similar.

Since we had the vehicle it has suffered mechanical
failures.

Can the vehicle be donated and the remainder written off on
the income tax?

Since its a LLP we would write off our share.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >