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Lev, Tax Preparer
Category: Finance
Satisfied Customers: 29941
Experience:  Personal Investment, Tax Preparation
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How can I get a new vehicle donated to my nonprofit 501c3?

Customer Question

How can I get a new vehicle donated to my nonprofit 501c3?
Submitted: 1 year ago.
Category: Finance
Expert:  Lev replied 1 year ago.
What you need to do - mainly to re-title the car to the nonprofit 501c3 organization.
Expert:  Lev replied 1 year ago.
The transfer of the ownership is required if you are going to deduct donation.If you keep the title in your name and will only allow the nonprofit 501c3 organization to use the car - it is not classified as donation..I appreciate if you take a moment to rate the answer.Experts are ONLY credited when answers are rated positively.If you still have any doubts, need clarification - please be sure to ask.I am here to help you will all tax related issues.