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2007-03-23 10:59:09 · 3 answers · asked by aj_marshall333 1 in Business & Finance Taxes Other - Taxes

3 answers

Unless you use it for business or give it to a charity you can't write it off on your taxes.

2007-03-23 12:09:17 · answer #1 · answered by Bostonian In MO 7 · 0 0

Meaning what? You want to write off the cost of the vehicle as a business expense? You want some kind of deduction an Schedule A? Be more specific.

2007-03-23 18:09:57 · answer #2 · answered by CarVolunteer 6 · 0 0

If you're thinking about donating the car to a charity so you can take a charitable deduction for it, be aware that the amount of your deduction will be what the charity actually sells it for, not Blue Book value. You can take the deduction only if you itemize.

2007-03-23 18:40:54 · answer #3 · answered by Judy 7 · 0 0

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