Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Posted by taxguru on March 24, 2004

New Limits May Drive Away Used-Car Donations – This would be a law that makes a lot of sense, a rare thing in the fairy tale world of DC – limit the deduction for vehicle donations to the actual selling price rather than the inflated Blue Book figure. I’m just a big believer in the power of the market to set prices; so what a buyer actually pays for a vehicle is a much more reliable indicator of its true dollar value than some generic pricing guide.

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