Do I need to report a car that I received as a donation

xenosophist · ‎June 3, 2019

My parents gifted me a car a few months ago. Do I need to add this to my tax filing papers? Or do I list a donated vehicle only when I am the one donating instead of receiving a donation? The car is well maintained but is 5 years old.

xmasbaby0 · ‎June 3, 2019

Gifts are not taxable. You do not report the gift on your tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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xmasbaby0 · ‎June 3, 2019

Gifts are not taxable. You do not report the gift on your tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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Do I need to report a car that I received as a donation