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How to enter for car donation

I donated my old car to a charity car organization for base value of $500. But they auctioned it for $1250.  

 

Q1: where do I report this deduction? Is it part of charity donation?

 

Q2: can I deduct the $1250 or just $500 standard value?  The charity said that they need my social security number to issue me a tax form but I did not provide them for my own security safty.  They do have sent me email about the auction price.  Can I deduct $1250?

 

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5 Replies

How to enter for car donation

You can deduct $1250 as a charitable donation if you itemize. 

How to enter for car donation

I tried this in turbotax for $1250.  Now turbotax instructs me to file my tax return along with the 1098 form.  However, I don't have such form. All I have is a letter from the car charity stating the value of the auction and requesting us to send it my social security for this form.  I don't want to give away my SS# and so I don't have such form.  

 

Is there anyway in turbotax to state that I don't have 1098 but I have evident of the new donation value.

DaveF1006
Expert Alumni

How to enter for car donation

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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How to enter for car donation


@DatBio wrote:

I tried this in turbotax for $1250.  Now turbotax instructs me to file my tax return along with the 1098 form.  However, I don't have such form. All I have is a letter from the car charity stating the value of the auction and requesting us to send it my social security for this form.  I don't want to give away my SS# and so I don't have such form.  

 

Is there anyway in turbotax to state that I don't have 1098 but I have evident of the new donation value.


Sorry.  To claim a donation value on a used vehicle of more than $500, it is mandatory that you get a form 1098-C from the donee organization certifying certain information, and include it with your tax return.  (If you e-file, you must still mail the 1098-C to the IRS after your return is accepted.)  And they need your name and SSN to issue the form.  

How to enter for car donation

Thank you all!  I will just take the $500 deduction instead. It is worth it not to give my SSN to the charity. Identy Theft is so very common these days.  

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