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Form 1098-C and these instructions have been converted from an annual revision to continuous use. Both the form and instructions will be updated as needed. For the most recent version, go to IRS.gov/Form1098C. Online fillable form.
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.
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.
IRS Form 1098-C Instructions. Filing IRS Form 1098-C; What is IRS Form 1098-C used for? What is a qualified vehicle? When is IRS Form 1098-C required? What is a contemporaneous written acknowledgment? Video walkthrough; Frequently asked questions; Where can I find IRS Form 1098-C? Related tax forms; What do you think?
When you get to the 1098-C question, answer Yes and then follow the instructions to enter info from your 1098-C. When you file your return, we'll provide further instructions for what paperwork (if any) you need to mail to the IRS to support the deduction.
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.
Donating a qualified vehicle to a charity? Learn how Form 1098-C is used to report the details of your donation and how it affects your deduction.
Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes is a source document that a charitable organization files with the IRS when they receive a donation of a qualified vehicle with a claimed value of more than $500.
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 qualified vehicle with a claimed value of more than $500. (If you e-file your return, you must (a) attach Copy B of Form 1098-C to Form 8453
If you donate a qualified vehicle worth more than $500, the charity should send you Form 1098-C. The tax form provides the IRS with details about your donation. You’ll need to file your 1098-C with your federal income tax return if you want to claim your donation as an itemized deduction.