It’s that easy! Now you just benefit from the tax deductions and the fact that any of your expenses for that boat or equipment will now stop. Not to mention that Chicago area nautical organizations benefit from your generosity. Thank you!
PLEASE NOTE: As mentioned we do take donations of boats, trailers and large nautical equipment. If you want to donate any of these items, please contact us. Transporting such large equipment can be difficult and some kind of transportation arrangement will need to be reached.
IRS: If the donation of your boat or equipment is estimated to be valued more than $5,000 then the IRS requires that an appraisal be submitted to substantiate the Fair Market Value of the item. Within 60 days of the donation a reputable and licensed surveyor will need to complete a Marine Survey which will determine the Fair Market Value of the boat or equipment. The surveyor will also have to complete Part III of IRS form 8283 if the Fair Market Value is determined to be over $5,000. If you would like more information about the value of your boat then please visit bucvalue.com
QUESTIONS: If you have any questions or need assistance arranging for a donation we are happy to help. Please contact Nautical Donations, Inc. and ask for Gary Leo. 773.672.2080 | firstname.lastname@example.org