turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

null357
New Member

Can I use the value listed on a 1098C for a vehicle that was donated to an organization?

 
Connect with an expert
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 Reply
rjs
Level 15
Level 15

Can I use the value listed on a 1098C for a vehicle that was donated to an organization?

If box 4a on the Form 1098-C is checked, then you must use the value in box 4c of the 1098-C when you enter your vehicle donation in your tax return, except in two very unlikely situations. Those unlikely situations are that the fair market value of the vehicle on the date of the donation was less than the amount in box 4c, or that the fair market value of the vehicle on the date of the donation was more than you paid for the vehicle when you bought it. In most cases you will just use the amount from box 4c as the amount of the contribution.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies