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Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 28084
Experience:  Taxes, Immigration, Labor Relations
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Can I take a tax deduction if I give my old car to my

Customer Question

Can I take a tax deduction if I give my old car to my grandson?
Submitted: 5 months ago.
Category: Tax
Expert:  Lev replied 5 months ago.

ONLY gifts to qualified charitable organizations may be deducted.

Gifts to any specific persons or gifts that benefits specific persons - are NOT deductible.

Sorry if you expected differently...

Expert:  Lev replied 5 months ago.

For deductions of gifts to qualified charitable organizations - see IRS publication 526

https://www.irs.gov/pub/irs-pdf/p526.pdf

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