The IRS allows you to claim a tax deduction of the amount the boat sold for. Your tax-deductible receipt will be for the boat's full sale price. IF YOUR BOAT SELLS FOR LESS THAN $5000: You can claim the fair market value of the boat, up to $5000.
The above link is a comprehensive guide published by the Internal Revenue Service with specific information on donating your vessel to a charity. *Childrens' Rights Foundation Inc., is a 501k non-profit charity qualified to receive tax deductions.
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