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June 3, 2019
Solved

Can I deduction the 2008 Honda Accord I gave to my granddaughter last year?

  • June 3, 2019
  • 1 reply
  • 0 views

Is the gift of a car to family member deductible?.

Best answer by MichaelL1

Gifts are not deductible and if over $14,000 in value the giver of the gift is to file a gift tax return.  

You should be OK on a 2008. 

1 reply

MichaelL1
MichaelL1Answer
Employee
June 3, 2019

Gifts are not deductible and if over $14,000 in value the giver of the gift is to file a gift tax return.  

You should be OK on a 2008.