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post #7 of Old 07-31-2013
jimgo
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Re: Donating my Cal 29 to Charity

I was a lowballer on all 3 of my boats. Unfortunately, as the "what's a boat worth" thread illustrates, any asset is only worth what someone is willing to pay for it. You have 3 choices: sell it to the lowballer for cash, donate it for a tax break (which will only be a percentage of the "resale value" of the boat and may approach what the lowballer was offering, depending on just how low he/she was offering), or hold onto it.

Keeping that last option in mind for a moment, could you have it moved to Lake Meade, Lake Havasu, or the LA/San Diego area? I work with guys in the LA area who have vacation homes in Havasu. It's about a 4 hour drive from Las Vegas to Newport Beach.

- Jim
Home: Western Philly 'burbs
1980 Allmand 31
1975 Albacore 15


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