How the Tax Deduction Works

A boat sold for LESS than $500:
the fair market value of your boat, up to $500.

The IRS permits individuals to claim the fair market value of their boat, up to $500 when sold for donation.

A boat sold for MORE than $500:
the amount we sell your boat for

The IRS permits individuals to claim the actual amount we sell your boat for. Our transparent and compliant process ensures that you receive the maximum tax benefit allowed by law. Rest assured that when you donate your boat with us, you’ll receive tax deductible receipts that adhere strictly to IRS guidelines.

MARKET EXPERTS

Experienced agents evaluate each boat to determine its value and how much we can expect to sell it for.

GET THE HIGHEST SALE PRICE

Depending on the local market, we’ll either sell the boat at auction, to a dealer or a local yard.

NEGOTIATE HIGHEST PRICE

We don’t settle for the first price we’re offered. We keep the boat on the market until we’re satisfied we’re getting the highest sale price.