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May 5, 2006, Newsletter Issue #11: Check RV and motor home resources to determine your donation’s fair market value.
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Tip of the Week
If your destination charity plans to keep your donated RV or motor home for its own use, or to improve it and re-sell it, you may be able to use its fair market value for your tax deduction.
Determining fair market value will also be important if you made your donation prior to the IRS guideline changes that went into effect January 1, 2005.
The following links can be helpful as you determine the fair market value of your RV or motor home:
*NADA guides let you check values for Recreational Vehicles, motor homes, campers, trailers and 5th wheels with model years between 1986 and 2002.
*RV Pricing Information will provide additional useful information on how to determine the fair market value of your RV if you plan to donate your rv to charity.
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