<prompt> Human: My wife and I have a car that we have been sort of trying to sell for a while. A good friend of ours recently had her car totalled by her teenage son no comp or collision insurance. Rather than continuing to pay the insurance on the car we havent been able to sell, we decided we want to give her our car to replace the one that was totalled. Is there any way that I can claim a tax deduction on the gift? Either way, Im still planning on giving the car to her.  <response>: No. Gifts arent tax deductible... 