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.
You'll need to sign in or create an account to connect with an expert.
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.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
TheSchulteMeistr
Returning Member
CapeCodGrrl
New Member
Kegan
Level 1
lori-edelman
New Member
juleyh
Level 3