Vanessa A
Expert Alumni

Retirement tax questions

If you are itemizing your expenses, since they sold the car, you would use the lessor of KBB or what the charity sold it for. So yes, you will still need to look up the value, but if it is higher than the $1,300 they sold it for, you can still only claim the $1,300.

 

Standard versus Itemized Deduction

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