I may want to donate a kayak to a nonprofit organization, and take a tax deduction. How do I get a figure for the $ value of it, and prove it to the I.R.S? Insurance quote?
Art pieces …
– Last Updated: Nov-05-14 8:36 AM EST –
Kayaks built as art pieces are "priceless" (e.g., many thousands of $$$, and if some celebrity butt has rubbed in it - even more).
Used ones in good paddleable condition seem to be advertised from $600-$1500 as much as I can tell (even though new they may have been be 2-3 times more).
Rotten, cracked, ugly = no value even for the fireplace (smell bad due to the chemicals in them).
So, where do you think you are on that scale ;) ?
eBay, Craigslist
A quick check there might give you some ideas.
Here’s another helpful link:
http://www.nolo.com/legal-encyclopedia/how-value-noncash-charitable-contributions.html
Also, IRS publication 561.