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If you donate a qualified vehicle with a fair market value less than your cost or other basis to a qualified organization and you claim
If you donate a qualified vehicle with a fair market value less than your cost or other basis to a qualified organization and you claim a deduction of more than $500, how much can you deduct: a. the gross proceeds from the sale of the vehicle by the organization b. the vehicle's fair market value on the date of the contribution c. the lesser of A or B above d. the greater of A or B above
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