hoff944,
I am not an attorney, CPA, or tax advisor but I did stay in a Holliday Inn Express last year.
I hope you didn’t misunderstand me. This is not a Porsche that should be put back into daily service driving about. This is a museum piece that should be carefully made drivable again.
There are several choices:
1) Your uncle can just keep it where it is and someday it will go where he (his estate) directs.
2) He can sell it to you or someone and it is driven on the street.
3) He can have it appraised for what it is actually worth and donate it to a 501c3 automotive museum. The appraised value is a charitable gift. From your description, it might be appraised at as much as $30-40K. That would be a significant benefit for your uncle – possibly worth far more than a sale price.
SO:
#3 could be structured where all the work to make the 912 serviceable was done by museum volunteers. There could be a stipulation where your uncle and/or you have access to drive the 912 periodically. The best of all worlds – an outstanding museum quality 912 that didn’t cost you anything.
#2 means the certain long term destruction of the 912. No matter how well cared for, it will never be the 11K original it is today.
#1 isn’t any fun.
e-mail me at
gradyclay@hotmail.com and I’ll put you and your uncle in touch with experts in this field.
Best,
Grady