In article ,
P. Fritz wrote:
This only works for high-tax-bracket individuals, but if you think there
weren't literally HUNDREDS of people thinking of this very angle with
the 'Canes this year before the loophole was closed, you're nuts.

I know people who have, and were, and its a pure rip-off of the public.

Had a friend at the marina with a boat he picked up for about 5k, (been
sitting in a marina yard for 4 years( put 1k into it, used it one season,
shined it up nice and then donated it the following year, after not being
able to sell it for 5k. The survey came in at 17k......even in the 33%
bracket he came out ahead of the game. The guy that bought the boat from
the charity paid 3k for it.

Exactly.

The law's intent has always been that the donation must be valued at FMV.

That's ALWAYS been the law. The "shortcut" of determining FMV by any means
other than an ACTUAL sale to someone who spends REAL money is and was a
fraud - and its a damn good thing they finally put a stop to it.

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