Donate Motorhome
Has anyone tried or know of others who have tried to donate their motorhome to a charity? My wife's medical condition is such that continued travel after this season looks extremely doubtful. We stil...
Forum Discussion
wnytaxman wrote:I agree with the taxman! Be aware of the IRS! If they feel the value is not right be prepared for a audit! I did like the post of donating the RV to search and rescue units.
The tax law changed a few years ago about what may be deducted for a donation of a vehicle. It used to be the value the donor attached to the vehicle and now it is what the charity receives from the vehicle when it is sold. If the total is over $5,000 then you have additional rules to comply with to take the deduction.
As has been suggested earlier, it may be easier and less time consuming to sell the unit outright and donate the proceeds. From a tax perspective that is a much cleaner approach.
