Business Tax Recovery Logo


RV Donation Information Olathe KS

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.

Jason Black
9308 Mohawk Lane
Leawood, KS
Company
Title: President
Company: Evimero Wealth Management
Type
Registered Investor: Yes
Education
Kansas State University/Bachelors of Science Business
Years Experience
Years Experience: 17
Service
Wealth Management,Annuities,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Hourly Financial Planning Engagements,CD Alternative,Life Insurance,Investment & Portfolio Management,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Individual Income Tax Planning,Disability Insurance,Retirement Planning,Investment Consulting & Allocation Design,Insura

Data Provided by:
Jackson Hewitt
(913) 768-9829
16559 W 151 Street
Olathe, KS

Data Provided by:
Barber Financial Group
(913) 393-1000
13550 W. 95th St.
Kansas City, MO
 
H&R Block
(913) 884-4495
1725 E SANTA FE ST
GARDNER, KS

Data Provided by:
Marks Nelson Vohland Campbell Radetic LLC
(913) 498-9000
7701 College Blvd., Ste. 150
Overland Park, KS
 
Olathe Block Llc
(913) 764-3494
825 E Kansas City Rd
Olathe, KS

Data Provided by:
Jackson Hewitt
(816) 984-5256
13507 W 87th Street Parkway
Lenaxa, KS

Data Provided by:
McAuley & Crandall PA
(913) 239-9130
13200 Metcalf Ave Ste 130
Overland Park, KS

Data Provided by:
Liberty Tax Service
(866) 871-1040
1819 E Santa Fe St
Gardner, KS

Data Provided by:
JK Harris&Company Tax Representation Firm-Call Now
(800) 621-0536
7500 W. College Blvd, 5th floor
Overland Park, KS

Data Provided by:
Data Provided by:

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...

Click here to read the rest of this article from BusinessTaxRecovery.com