College Boat Donation » Irs http://collegeboatdonation.com Cut Your Tax Bill by Donating Your Boat Fri, 30 Oct 2009 10:39:56 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Tax question? http://collegeboatdonation.com/50/tax-question/ http://collegeboatdonation.com/50/tax-question/#comments Tue, 16 Dec 2008 20:07:42 +0000 Admin http://collegeboatdonation.com/50/tax-question/



Tax question—

My client donated a boat on August 1, 2003. He received an appraisal on the boat 1 week before for 395,000. After donating the property the charity sold the boat for 135,000 on August 8, 2003. IRS has disapproved the 395,000 and says the deduction can only be 135,000 and want 100,000 right away. Any help regarding this issue would be greatly appreciated.

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