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Is a car donation an audit risk?
We are donating a 20-year-old vehicle to a charity. I'm assuming the market value would not exceed $1,000. There are some articles on the internet that warn a car donation is an audit risk. Assuming the car donation would be 1.5% AGI and that we have the appropriate donation documentation, is it worth the risk to claim it as a deduction?
‎December 15, 2020
12:15 PM