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What is the fair market value of my vehicle?

April 26, 2017fair market value vehicle

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What is the fair market value of my vehicle?

1 Answer

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Posted

NKF of Middle Tennessee does not determine the value of any of the vehicles they receive, the value is determined by the donor. If you believe the value of the vehicle being donated is $5,000 or more you must have it appraised before donating it. Please speak to a tax advisor or the IRS if you have any questions regarding this issue. Keep appropriate backup information for all donations.