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  • Re: How do I document the donation of a vehicle I received as a gift? TurboTax says it appreciated in value since it was sold for $700, which is false.
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Deductions & credits

OK ... the basis for a gifted item is :

 

https://www.irs.gov/faqs/capital-gains-losses-and-sale-of-home/property-basis-sale-of-home-etc/prope...

‎April 12, 2020 2:16 PM
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