 
|
How to Figure Fair Market ValueWhen making boat donations, the donors may need to come up with the vessels' fair market value, in order to get a tax deduction. What is fair market value? It is the price between a willing seller and willing buyer, with full disclosure of the boat's condition. Fair market value is not a guess but a calculation. For help, check pricing guides in your area. Find out what comparable boats in similar condition recently sold for. Then document your research, in case the IRS has questions later.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Founded in 2000, LifeTips offers fresh tips and advice to millions of readers.
Become a Guru on a topic you're an expert in.
Become a Sponsor and keep the tips flowing and traffic going to your website!
Become a Guru on a topic you're an expert in.
Become a Sponsor and keep the tips flowing and traffic going to your website!
Privacy Guaranteed.
Satisfaction Required.
Satisfaction Required.
