How to enter for car donation

Forum|Forum|2 years ago
March 22, 2024
1 reply
5 views

I donated my old car to a charity car organization for base value of $500. But they auctioned it for $1250.

Q1: where do I report this deduction? Is it part of charity donation?

Q2: can I deduct the $1250 or just $500 standard value? The charity said that they need my social security number to issue me a tax form but I did not provide them for my own security safty. They do have sent me email about the auction price. Can I deduct $1250?

Thank you for your help!

TurboTax Home & Biz Windows

Bsch4477

Level 15

You can deduct $1250 as a charitable donation if you itemize.

DatBioAuthor

Level 4

I tried this in turbotax for $1250. Now turbotax instructs me to file my tax return along with the 1098 form. However, I don't have such form. All I have is a letter from the car charity stating the value of the auction and requesting us to send it my social security for this form. I don't want to give away my SS# and so I don't have such form.

Is there anyway in turbotax to state that I don't have 1098 but I have evident of the new donation value.

DaveF1006

Level 15

According to the IRS, "A donee organization must file a separate Form 1098-C with the IRS for each contribution of a qualified vehicle that has a claimed value of more than $500.

A qualified vehicle is: