Car donation in Bay Area?
December 28th, 2008 –
Michael Vassar and perhaps others will be visiting the Bay Area on a regular basis on SIAI business. If you have a car that you’d like to donate for SIAI official use, you should be able to deduct the Kelly Blue Book private party sale value of that car as a tax deduction, since we’ll actually be using the car rather than reselling it at auction. (Most car donations will only get you the much lower auction value of that car, not its private-party sale value.) Conversely we can only accept a safe car in good operating condition, not a junker.
Posting this now because the end of 2008 is fast approaching. (As soon as you tell us that you want to donate the car, then, after we accept, the time you first committed to donating if we accepted, should count as the time of the gift for tax purposes.)
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