Forum Discussion

jpwiggo's avatar
jpwiggo
Explorer
May 05, 2015

Donate a TOAD for tax write write off

Got a 1998 Chevy venture I've rigged for 4 wheels on the ground tow behind. Got the remco lube pump, sterling tow bar, break buddy, earring etc.

We are the OE just don't need anymore and it's taking up space in the barn. I'm not into selling but just thinking of a good charity to donate the kit


I know the van on the books not worth a lot but has anyone donated a Toad? Just wondering if I can claim more than the vehicle value and use the TOAD value.
Class A
  • popeyemth's avatar
    popeyemth
    Explorer
    May 05, 2015
    My understanding is you can ONLY claim the actual amount the charity gets for the vehicle
    The charity will provide you with a receipt for the sales amount for your taxes
    So if they only get scrap value that's all you can deduct :(

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