DaveF1006
Expert Alumni

Retirement tax questions

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:

 

  • Any motor vehicle manufactured primarily for use on public streets, roads, and highways.
  • A boat.
  • An airplane"

In order to be issued the 1098 C, it must have a social security number of the doner. No exceptions!!

 

About Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes

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