ABOUT DONATING FOR TAX PURPOSES

About donating for tax purposes

If your charity sells the car at a significant lower price to a needy person, or keeps the vehicle for its very own use, You'll be able to assert a deduction with the car or truck’s good industry benefit. To perhaps decrease the tax effect of rebalancing, you can use a component-gift, component-sale strategy. This entails donating prolonged-time

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