Donate a boat to charity

[LI Bill]

Doe's anyone have first hand experience with donating a boat to charity? (tax wise). I recently purchased a new Chapperral bowrider, traded in the old boat. Now the dealer is saying I might be better off donating the old one, rather than have him try to sell the old one. Is this legit or a dealer scam? Thanks for any replies.
Bill

 

[danpemby]

Re: Donate a boat to charity

People donate their boats all the time. Look at Ebay for Boat Angels and such. There are legitimate tax benefits to it. But they are a lot tighter now. Used to be you could claim fair market value, now I BELIEVE it is the actual sale price.

 

[tashasdaddy]

Re: Donate a boat to charity

you can claim the actual sales price only.