Getting rid of an decrepit boat in Chicago, or anywhere else for that trouble, is not as basic as it aboriginal sounds. Federal and community rules sincere where boats can be anchored and mooring fees are expensive. Add to this levy, insurance, repair fees, and the ongoing financial climate and you obtain exceptional reasons to junk your boat.
Instructions
1. Fill away the paperwork. The Community of Illinois requires a junking certificate for every boat junked in Chicago. The certificate does not bill anything, but, you Testament charge to fill in two forms, a junk vehicle notification design and a junk vehicle payment of sale.
2. Sell to a boat salvage yard. Do not expect a lot of cash, but make sure the boat salvage yard pays for the towing expenses. This legal tax move, called a "bargain sale," allows you to claim the maximum legal tax deduction and get some extra cash in your pocket.4. Sell your boat for scrap.
Donate the boat to your favorite charity. Get rid of the piece of junk, feel good about yourself and deduct the market value from your taxes. In Chicago, Action Donation Services will pick up your boat. This organization allows you to choose which charity will get your donation, and you may be able to get partial cash payment from the donation of your boat. Depending on the state of your boat and the electronic equipment it contains, you could ask for cash. Many boat salvage yards and marine services companies are located in Chicago.3.
If your boat has a steel and aluminum hull, take it to a scrap yard and sell it for the price of the metal. This green option can earn you some cash, or at least save towing fees. Many Chicago scrap yards offer free pickup services. Shop around for the best prices.
