Can I deduct a vehicle I gave to charity?
Updated: 1/21/2013
Article ID: IAS10073
For motor vehicles valued over $500 the deductible amount is determined by how the charity uses the vehicle. If they sell it the deduction is limited to the gross proceeds from the sale. If they sell or give it to a needy individual or keep it for use in their activities or to repair before selling at a later date, the deduction is the fair market value when donated. The charity must give you a Form 1098-C within 30 days of the sale or donation.