- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
To deduct a donated vehicle you must receive a form 1098-C from the charity that you donated it to.
Per IRS PUB 526.
https://www.irs.gov/pub/irs-pdf/p526.pdf
Form 1098-C. You must attach to your return Copy B of the Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes (or other statement containing the same information as Form 1098-C) you received from the organization. The Form 1098-C (or other statement) will show the gross proceeds from the sale of the vehicle.
If you e-file your return, you must:
•
Attach Copy B of Form 1098-C to Form 8453, U.S. Individual Income Tax Transmittal for an IRS e-file Return, and mail the forms to the IRS; or
•
Include Copy B of Form 1098-C as a pdf attachment if your software program allows it.
If you don't attach Form 1098-C (or other statement), you can't deduct your contribution