If you’re not sure how to place a valuation on your donation, the paid versions of thebest tax softwaretypically have some level of estimation built in to the program to help you with this. When to Deduct your Donation You deduct your donation in the year when you actually make it. If...
Boats. Except for small, inexpensive boats, the valuation of boats should be based on an appraisal by a marine surveyor or appraiser be- cause the physical condition is critical to the value. Cars. Certain commercial firms and trade organizations publish used car pricing guides, commonly called ...