I was able to buy used boats which are better than the ones that I have and I want to see if I could join those boat donations group so I could give to charity. I told my friend about it and he told me some tips. He said that I should know when I can report the fair market value. He said I won’t need evidence of the sales price if the charity keeps the vehicle or vessel and uses it in its charitable work, or if my donation is worth less than $500. Then I can report its fair market value based on listings from Kelley Blue Book and similar sources. He also said that I should keep a thorough paper trail. If my donation is worth more than $500, I will have to attach IRS Form 8283 to my tax return. If it’s worth more than $5,000, my documentation must include an outside appraisal. I’ll also need proof of the donation, such as a receipt from the charity and a copy of the title change. Lastly, he told me to be detail-oriented. This paper trail may seem cumbersome, but think about it… This may be one of the biggest charitable donations that I’ll ever make. By taking the time to dot the I’s, I can make sure that the charity gets the most benefit and I get the biggest possible deduction. Upon my search, I was able to find some car donations organizations as well. Maybe if I get to buy some new ones, I’ll give them my car as well.