I donated my car and the donee sold the car. I received a 1098-C complete with "Gross proceeds from sale." TurboTax asks for the "Method Used to Determine Value." There is a pulldown menu and the user has to choose from the following:
No entry
Appraisal
Average share price
Catalog
Capitalization of income
Comparative sales
Consignment shop value
Present value
Replacement cost new
Reproduction cost less depreciation
Thrift shop value
Which of these is the right choice when the gross proceeds from sale are provided by the 1098-C? I suppose it's "Present value?" Thanks.
