Members of the Maryland Association of Certified Public Accountants are answering readers' tax questions through April 15.
Q. Last year I donated a car to charity. How do I claim that on my 1040 form?
A. Generally, you may claim a deduction for the car's fair market value on Line 16 of Schedule A. You should have a receipt from the organization to which the car was donated and how it was valued (appraisal or NADA book). If the value is greater than $500, you are also required to complete Form 8283, and if the value is greater than $5,000, you are required to attach an appraisal as substantiation for the fair market value.