Yes, Adjust the fair market value of your vehicle. The FMV of a donated vehicle is generally the smaller of what the vehicle was worth at the time you received it as a gift or what the donor paid .
To figure out what to use see: What is the basis of property received as a gift?
To get back to that section:
- Type casualty loss in Search in the top right
- Select Jump to casualty loss and make your adjustments
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