I donated a car to charity-How to do my taxes?

This Question by Reens: I donated a car to charity-How to do my taxes?
In 2007 I donated a car to charity and I’m not sure how to deduct it . I did get a letter stating that it’s gone for under 0, so do I just claim 0? I’m not sure how this works. Any help would be appreciated. Thank you!

Some helpful answers:

Answer by Tim
You claim the amount listed in the letter. It should have been a specific amount

Answer by v b
You use the amount show on the 1098-C when you fill out your itemized deductions.

If your itemized deductions are more than your standard deduction you may see a small reduction in your tax bill.

A special rule applies if the acknowledgment indicates
that the donated vehicle sold for 0 or less. In this
case, you may claim a deduction for the lesser of the vehicle’s
fair market value on the date of the contribution, or
0, provided you get a written acknowledgment from
the charity that complies with the requirements described
under Written Acknowledgment For a Vehicle
Contribution Deduction of 0 or Less.

See IRS publication 4303.

Answer by Astrolion
The reason the letter might state that it has “gone for under 0.00″ is that when you file on a Schedule A for charitable deductions, any total deduction that is under 0.00 you do not have to complete form 8283, which contains a statement of value.

However, if you are single and do not have itemized deductions that exceed a total of ,350 (10,700.00 if married) you would not want to itemize and therefore the charitable donation gives you no additional credit on your taxes.

Answer by LaNi
Use TAXACT!!!!!!!!!!! I have used them for years!! You can use it for free it’s easy and simple!! Let me know how it worked out for you if you decide to use it! Good luck!

http://www.taxact.com

Answer by MikeeyMan
To be safe, you should claim under 0. It’s an itemized deduction on schedule A.

Answer by T K
You claim the amount of the sale only.