Donating RV...
I was just curious if anyone has ever donated an RV? We are interested in getting rid of the HTT in my signature quickly and thought donation would work. We've tried to sell it for several months. W...
Forum Discussion
I R S laws have changed , you no longer get to value the donation at average retail . The value will be what amount that the non-profit receives , of which you will get a tax value based on your tax percentage .
Understand that in most states your charity CAN NOT take title and pass it to the buyer as these non-profits are not auto dealers . There is a middleman who tows it , transfers the title , sells the auto and gets MOST of the money ! Your non-profit can not take title because they can not issue a title or collect sales tax and are not insured . I only know of one non-profit in Florida who is a licensed dealer , most will go thru a company licensed as a auto dealer .
The non-profit gets very little of the money . Much better to sell it yourself and then decide what to do with the money .I worked for over thirty years for a company that provided this service and I was always surprised at how little the non-profit got .
Understand that in most states your charity CAN NOT take title and pass it to the buyer as these non-profits are not auto dealers . There is a middleman who tows it , transfers the title , sells the auto and gets MOST of the money ! Your non-profit can not take title because they can not issue a title or collect sales tax and are not insured . I only know of one non-profit in Florida who is a licensed dealer , most will go thru a company licensed as a auto dealer .
The non-profit gets very little of the money . Much better to sell it yourself and then decide what to do with the money .I worked for over thirty years for a company that provided this service and I was always surprised at how little the non-profit got .
