turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Donated truck with $4000 value. Received 1098-C from non-profit. Turbotax nulls donation amount

I made a proper donation of a truck, with fair market value $4000. The recipient non-profit provided me a valid 1098-C form with donation date, VIN, etc.. I added this to Turbotax Deluxe in the provided 1098-C form for this donation.

The non-profit intends on USING THE VEHICLE, and NOT selling it.

 

The only option appears the one they chose: box 5a - vehicle not transferred for money, ... until significant intervening use.

When I enter this, Turbotax nulls my $4000 donation value. This appears to be a bug.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
KrisD15
Expert Alumni

Donated truck with $4000 value. Received 1098-C from non-profit. Turbotax nulls donation amount

It can be allowed as a deduction. 

 

After you entered the 1098-C, continue with the interview 

Be sure to elect 

"The charity made significant use of the vehicle before they sold it." (even if they did not yet sell it) 

The full value of the donation should then be allowed.

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
KrisD15
Expert Alumni

Donated truck with $4000 value. Received 1098-C from non-profit. Turbotax nulls donation amount

It can be allowed as a deduction. 

 

After you entered the 1098-C, continue with the interview 

Be sure to elect 

"The charity made significant use of the vehicle before they sold it." (even if they did not yet sell it) 

The full value of the donation should then be allowed.

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question