■ The acknowledgment contains a statement certifying that the charity intends to make a significant intervening use of the vehicle, a detailed description of the intended use, the duration of that use, and a certification that the vehicle will not be sold before completion of the use.
■ The acknowledgment contains a statement certifying that the charity intends to make a material improvement to the vehicle, a detailed description of the intended material improvement and a certification that the vehicle will not be sold before completion of the improvement.
■ The acknowledgment contains a statement certifying that the charity intends to give or sell the vehicle to a needy individual at a price significantly below fair market value and that the gift or sale is in direct furtherance of the charity’s charitable purpose of relieving the poor and distressed or the underprivileged who are in need of a means of transportation. This exception will not apply if the charity merely applies the proceeds from the sale of the vehicle to a needy individual for any charitable purpose.
■ A special rule applies if the acknowledgment indicates that the donated vehicle sold for $500 or less. In this case, you may claim a deduction for the lesser of the vehicle’s fair market value on the date of the contribution, or $500, provided you get a written acknowledgment from the charity that complies with the requirements described under Written Acknowledgment for a Vehicle Contribution Deduction of $500 or Less, page 5.
