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RV Donation Information Fargo ND

Every year, millions of Americans get a tax deduction by donating to charities. Here's a primer for those who want to donate an RV.

H&R Block Inside Times Square West
(701) 282-4570
5050 13TH AVE S
FARGO, ND

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Accounting 4 Success
(701) 371-0419
3320 Westrac Drive
Fargo, ND
 
Liberty Tax Service
(866) 871-1040
312 University Dr N
Fargo, ND

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Liberty Tax Service
(866) 871-1040
1173 3rd Ave W # 19
Dickinson, ND

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Petrick & Youngs Tax Svc Inc
(701) 852-6274
624 31st Ave SW
Minot, ND

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Liberty Tax Service
(866) 871-1040
3005 13th Ave S
Fargo, ND

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H&R Block
(701) 241-7628
1531 S UNIVERSITY dr
FARGO, ND

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Liberty Tax Service
(866) 871-1040
113 Main Ave E
West Fargo, ND

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Liberty Tax Service
(866) 871-1040
113 Main Ave E
West Fargo, ND

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Accounting 4 Success
(701) 371-0419
3320 Westrac Drive
Fargo, ND
 
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RV Donation Information

Donate RV

Every year, millions of Americans get a tax deduction by donating to charities. Here's a primer for those who want to donate an RV.

The first question many people have is whether they can donate an RV and get a deduction. The tax code notes that "vehicles" can be donated, not just cars. This means an RV, motor home, camper and so on can be donated in exchange for a tax deduction.

When donating your RV, there are a couple of things to keep in mind. First, the donation is only tax deductible if the charity is a 501c3 entity. This number designation refers to the section of the tax code controlling non-profit charities. If the party you are donating to does not have such a classification, you will not be able to claim a deduction. Many taxpayers made this mistake when donating to the Tsunami relief effort. Ask the charity to show you the designation or look for it on the paperwork. Most charities will make their certification very prominent.

Once you donate the RV to charity, what can you deduct? Under new tax regulations, you can no longer deduct the fair market value. Instead, you must deduct the actual sales price the charity is able to obtain when it sells your former RV to a third party. The charity will have a procedure in place for sending you a written receipt of the actual sales price. If they do not, donate the RV to another charity that does.

There are a couple of exceptions to the actual sales price tax deduction rules. The IRS will allow yo...

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