Section A or Section B
Section A is generally used for items with a deduction of $5,000 or less, and for donated vehicles, including boats, where the deduction is limited to the gross proceeds on Form 1098-C. Section B is for items over $5,000 that require a qualified appraisal.
When an appraisal is required
If your deduction is limited to the sale price on Form 1098-C, you generally do not need an appraisal. If an exception applies and you claim more than $5,000, you need a qualified appraisal from an independent appraiser, at your own expense.
Where to learn more
IRS Publication 526 covers charitable contributions, Publication 561 covers determining value, and Publication 4303 is the IRS guide to vehicle donations.
Information you will need
- Our name, address, and EIN
- The boat's description and hull identification number
- The date of contribution
- The amount claimed, from Form 1098-C
Choosing a qualified appraiser
If you need an appraisal, choose an independent appraiser with marine experience. The appraiser cannot be the charity, you, or anyone involved in the donation.
Timing
A qualified appraisal generally must be made no earlier than 60 days before the donation and received before your return is due. Check Publication 561 and your advisor.
Questions
Does Boats with Causes fill out Form 8283?
No. You or your tax preparer complete it. We provide Form 1098-C.
Can your organization do the appraisal?
No. A qualified appraisal must be done by an independent appraiser, not the charity.
Is this tax advice?
No. We do not provide tax or legal advice. Consult your own advisor.
Do I attach the appraisal to my return?
In some cases. The Form 8283 instructions explain when.
Is the appraisal cost deductible?
It is not part of the charitable deduction. Ask your advisor about current rules.