I donated my old automobile to a charitable organization in 2012. What type of documentation is required to write this off on my tax return?
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Tax Professional Answers
Kathryn Morgan
There is a form 1098C that the organization must give you and the car goes on the form 8382. This will carry the allowed deduction to your Sch A for itemized deductions. The deduction is going to be based on the lesser of the Fair Market Value or the price the organization got for selling the vehicle.
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578 weeks ago