1098-C to your return (or to Form 8453) when required, the IRS will disallow your deduction. Generally, you must also attach Form 8283, Noncash Charitable Contributions, if the amount you deduct for all noncash gifts is more than $500. See the Instructions for Form 8283 for exceptions. You received Form 1098-C because you donated a

Sep 11, 2024 · Information about Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes (Info Copy Only), including recent updates, related forms, and instructions on how to file. A donee organization must file a separate Form 1098-C for each contribution of a qualified vehicle valued more than $500.

Oct 30, 2019 · Due to the very low volume of paper Forms 1098-C received and processed by the IRS each year, this form has been converted to an online fillable format. You may fill out this form, found online at IRS.gov/Form1098C, and send Copies B and C to the donor.

Form 1098-C is necessary for claiming a deduction on a donated vehicle valued at more than $500. The maximum deduction for a donated vehicle valued at more than $500 is the smaller of the amount the charity sells the car for or the fair market value on the day it was donated.

Feb 18, 2025 · Form 1098-C plays a key role in the tax filing process for individuals donating motor vehicles, boats, or airplanes to qualified charitable organizations. It ensures transparency between donors and the IRS, maintaining compliance with tax …

Here's how to enter a 1098-C in TurboTax: Open or continue your return. Navigate to the 1098-C section: TurboTax Online/Mobile: Go to 1098-C. TurboTax Desktop: Search for 1098-C and select the Jump to link. Answer Yes when asked if you made any donations to charity in 2024. Answer Yes when asked Do you want to enter your donations for 2024?

When you donate a qualified vehicle valued at more than $500, the organization files Form 1098-C to report the details of the donation and provide you with a copy for your return. Understanding Form 1098-C for Vehicle Donation

Apr 4, 2025 · Who must file IRS Form 1098-C? Any charitable organization who receives a qualified vehicle must file IRS Form 1098-C with the IRS and provide a copy to the donor within 30 days of either the date of sale or date of donation.

Form 1098-C is used to report donations of motor vehicles, boats, and airplanes to qualified charitable organizations. The form provides information about the donor, the recipient charity, and the donated property.

Per IRS Instructions for Form 1098-C Contributions of Motor Vehicles, Boats, and Airplanes: Instructions for Donor Caution: You must attach Copy B of Form 1098-C to your income tax return in order to take a deduction for the contribution of a …