How Can I Donate My Mobile Home in Oklahoma?
Donating your Oklahoma mobile home to your favorite charity is a worthwhile thing to do because you can help your favorite charity, who may use the home to house a needy family for temporary shelter or use it as part of its business offices, and you can receive a tax write-off on your income taxes at the same time. The Internal Revenue Service, or IRS, requires that you obtain a value appraisal for charitable donations worth more than $500 and a receipt for the donation from the charity in order to qualify for the tax deduction on your income tax return. Donations can also be arranged through wills and trusts after you pass away by having your attorney prepare the necessary documents.
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Things You'll Need
- Value property appraisal certified by a licensed and certified Oklahoma property appraiser
- Home inspection report prepared by Oklahoma property inspector
- Repair receipts
- Cancelled checks or other proof of payment of mortgages and other liens
- Title transfer document
- Receipt for the donation
Instructions
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Obtain a certified value appraisal from a licensed or certified Oklahoma property appraiser. Hire a home inspector to conduct a home inspection of the mobile home. Make any repairs required under Oklahoma charitable donation laws or laws regarding transfer of mobile home ownership title.
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Pay off any mortgage balance or other liens you may owe before transferring title to the charity. Keep a copy of the cancelled checks or proof of payment for your records. Complete a property transfer disclosure statement to give to the charity disclosing any material facts you may have regarding the condition and repair of the mobile home.
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Contact the charity of your choice and set up a meeting to transfer the title and registration. Give the organization a copy of the appraisal, home inspection report and property transfer disclosure statement. Obtain a receipt for the donation, and keep copies of the appraisal, home inspection report and donation receipt for your records.
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Accompany the charitable organization representative to the local Oklahoma County Tax Commission's Office with the original title document so you can transfer title ownership to the charity. He will need to apply for the new title and relocation permit if required by completing the Manufactured Home Change Request form and then register the mobile home with the Oklahoma Department of Property Tax.
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Donating your mobile home can be done by making legal arrangements through a will, charitable remainder trust or entering into a gift annuity agreement with your selected charity. You should consult with an estate planning and tax attorney to find out how to make your gift bequest and about tax consequences and benefits to your estate.
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Tips & Warnings
In order to qualify for the tax deduction, be sure to obtain and keep copies of the property value appraisal report and the receipt for the donation from the charity. The IRS charitable contribution tax rules require that the receipt must contain your name and address, your tax identification number or Social Security number, the vehicle identification number, the date of the donation and a statement regarding the value of the donation. You will need a value appraisal, home inspection report, property transfer disclosure statement and a receipt for the donation from the charity. The original title to the mobile home must be signed and transferred to the charity by you. The charitable organization must register the mobile home with the Oklahoma Dept. of Property tax after applying and obtaining the new title by obtaining a Manufactured Home Change Request form from the local Tax Commissioner's Office and obtain a relocation permit if they want to move it to a different county location.
Speak with an Oklahoma estate planning and tax attorney before you make a charitable contribution of your Oklahoma mobile home to make sure that you follow your state and IRS tax rules regarding charitable donations of mobile homes. You cannot transfer title of the donated mobile home to your favorite charity until you pay off all liens and mortgages first. Without obtaining a value appraisal and donation receipt, you cannot take the tax deduction on your tax return.
