Car Donations
car donations in los angeles
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You can give your car to charity and deduct the gross proceeds from the sale if the proceeds are for more than 0. If the claimed value of the donated motor vehicle, boat or plane exceeds 0 and the item is sold by the charitable organization, the taxpayer's claimed value is limited to the gross proceeds from the sale.
The charitable organization must notify the donor within 30 days of the sale of the amount of the gross proceeds. However, if the charity adds improvements to the vehicle, the charity must notify the donor within 30 days of the contribution.
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