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

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

normbein
New Member

If a donated boat has no odometer how can I complete Form 1098C which requires and odometer reading?

 
1 Best answer

Accepted Solutions
ToddL
New Member

If a donated boat has no odometer how can I complete Form 1098C which requires and odometer reading?

Enter "999999" as the odometer mileage (or the reading on the Hobbs meter, if installed). 

(A Hobbs meter records the number of hours the engines have operated).

Boats and airplanes don't have odometers, so your entry in Box 2a of the Form 1099-C won't affect anything on your tax return. 

View solution in original post

1 Reply
ToddL
New Member

If a donated boat has no odometer how can I complete Form 1098C which requires and odometer reading?

Enter "999999" as the odometer mileage (or the reading on the Hobbs meter, if installed). 

(A Hobbs meter records the number of hours the engines have operated).

Boats and airplanes don't have odometers, so your entry in Box 2a of the Form 1099-C won't affect anything on your tax return. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v