Why Donating Your Boat Can Be Better Than Selling It

Trying to sell your old boat can be a royal pain in the butt

. You have to constantly be placing ads and taking tons of phone calls. You have to meet many possible buyers while having to argue about a good price. In the end, this can eat away at a lot of your free time and comfort.

A great alternative is to donate your old boat to a good charitable institution. Through your act of kindness, you can get someone to pick up your boat in addition to getting a great tax deduction from your donation.

Donating your boat gives organizations the ability to help those who need it the most. Many people suffer from all sorts of circumstances, and your gift will make it possible for someone who has a dream the chance to live it out and make it real.

Not only that, but you benefit from giving as well. As you are helping to make someone's dream possible, you are also getting a little something for yourself in the form of a tax deduction.

The process couldn't be any easier. All you have to do is contact your favorite charity. An agent should be able to help you with all of the details, including picking up the boat, providing the right forms, and taking care of all of the paperwork and logistics.

Charities will also make sure that you get the official letter from the group that says you gave the boat to them. Some will even give you a copy of the receipt when the make the sale later on that will tell you the exact amount they got for it.

This will also make life easy when you go to file your income tax. Talk to your accountant and discuss the details with them about your donation. Remember that in order to be able to donate your old boat, you need to have the title or proof of ownership with it when you sell.

by: Jay Crawford

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