2007-08-10 04:39:57 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
no. you get the tax write-off because its technically a 'monetary' donation to a charity. Not just because you give it away.
2007-08-10 04:43:52 · answer #1 · answered by JLM 4 · 0⤊ 3⤋
No because your friend is not a bonified charity. Additionally, if the value of the car is more than $12 k and you give it to your friend you will trigger a gift tax event.
2007-08-10 11:51:46 · answer #2 · answered by Anonymous · 1⤊ 0⤋
No, you never get a deduction for a donation to an individual, even if you gave it to them through a recognized charity but designated that it go to the particular individual.
2007-08-10 12:04:43 · answer #3 · answered by Judy 7 · 2⤊ 0⤋
No, You don't as it is not at all like donating it to charity. Bettyk
2007-08-10 11:51:37 · answer #4 · answered by elisayn 5 · 2⤊ 1⤋
Nope. Has to be with a 501-3c organization.
2007-08-10 12:14:03 · answer #5 · answered by Midwest guy 4 · 2⤊ 0⤋
Nope!
2007-08-10 11:53:35 · answer #6 · answered by Bostonian In MO 7 · 1⤊ 0⤋