Jul 01
How to Determine the Fair Market Value of a Car, Boat or RV Donated to Charity
Although the laws were changed in 2005 to reduce the proliferation of perfectly legal “tax fraud,” there are still several situations where you may claim the actual “fair market value” of your car, truck, boat, RV or trailer when you donate any to a legitimate charitable non-profit organization (NPO). You will find however, that the rules governing what is “fair market value” have also changed.
