You won’t need evidence of the sales price if the charity keeps the vehicle or vessel and uses it in its charitable work, or if your donation is worth less than $500. Then you can report its fair market value based on listings from Kelley Blue Book and similar sources.
Unlike your investment portfolio, diversification isn't a good strategy when giving to charity. We suggest that you take the time to find a few well-run charities that match your interests and make a commitment to support those charities over time. By concentrating your giving among a few outstanding charities, your donations will do more good than if you contributed small gifts to a wide array of charities.
