How to enter for car donation

Forum|Forum|2 years ago
March 22, 2024
1 reply
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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?

Thank you for your help!

TurboTax Home & Biz Windows

Bsch4477

Level 15

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

DatBioAuthor

Level 4

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.

Opus 17

Level 15

@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.