I could sell it myself, but I would rather donate it, and then it is up to the buyer to pay for moving it.
2006-07-28 13:49:29 · 6 answers · asked by DUANE B 2 in Business & Finance ➔ Taxes ➔ United States
Fortunately, trailer homes do not fall under the recent new rules that limit your deduction to the amount that the charity is able to sell it for, assuming it is not manufactured primarily for use on public streets, roads, and highways (i.e. a motor home).
That being said, you could give it to any charity (Red Cross sounds like a good idea) and just get an acknowledgement from them that you donated it. As long as you've had the home for at least a year, you can deduct the full value as a charitable contribution if you itemize.
2006-07-28 14:17:17 · answer #1 · answered by taxmannyc 3 · 0⤊ 0⤋
There are a lot of people looking for a home so there is a need out there. Probably the most important thing is whether or not the trailer has to be moved. If so, it may be that the cost of moving would exceed the value of the trailer. It has become difficult to find a park that will accept used trailers, especially in storm risk areas, and older trailers must meet new construction codes.
That said, to gain a tax write-off for your donation you have to donate it to a group that is government certified to be a non-profit organization under what I believe to be a 301-C status. A good one to ask might be the Salvation Army or some such group. If your donation works out it might just mean the start some young family needs.
2006-07-28 21:08:15 · answer #2 · answered by edgar c 2 · 0⤊ 0⤋
I don't know where you live, but if it's anywhere near previous hurricane devastation or where any of those who evacuated have been relocated, many of them still have no homes and would love to have a trailer, I'm sure. Contact your local Red Cross for guidance.
2006-07-28 20:54:20 · answer #3 · answered by Rvn 5 · 0⤊ 0⤋
Sell it & donate partial amount to needy. direct donation may not qualify for writeoff.
2006-07-29 08:24:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Give it to an appropriate charity and take the fair market deduct....or whatever...and let them worry about the details.
2006-07-29 02:07:19 · answer #5 · answered by homerunhitter 4 · 0⤊ 0⤋
YOU WOULD HAVE TO ASK RED CROSS ABOUT DONATION, IM SURE THEY WILL MAKE WORTH YOUR WHILE
TRY GOODWILL ALSO
2006-07-28 21:27:33 · answer #6 · answered by Aaron J 3 · 0⤊ 0⤋