Fair Market Value of Vehicle vs what appears on 1098-C

Yes, use the lower amount because that is the Fair Market Value of the car.

But turbotax doesn't allow me, it tells me to use the amount on the form 

You can enter your donation value in TurboTax as follows:

 

In your search bar at the upper-right side of your screen enter "1098-c"

 

 

 

 

 

 

 

Choose "I'll Value Them"

 

 

Enter you relevant information:

 

 

 

Follow your screens through and enter your Form 1098-C. See the exception explained below.  

 

 

 

You can enter the lower value of your car, but you must meet one of the exceptions:

 

 

 

Please read the exception below.  This exception must be met in order for TurboTax to accept the "lower value" than what is on ‌Form 1098-C.

 

Exceptions to the sale proceeds limitation

A vehicle donation deduction over $500 is based on its fair market value and isn't restricted by the sales amount if the charity does any of the following:

• Keeps the vehicle for its own use
• Makes "material" improvements to it before selling it
• Decides to give the vehicle to a needy individual at no charge or at a price that's less than it is actually worth

If box 5a or 5b is checked off on Form 1098-C, your donation is typically eligible for an exception, and you can typically deduct the car's value.

 

Also refer to the instructions for Form 1098-C for a further explanation.  Click here for 1098-C Instructions.

 

Click here for information on Form 1098-C.

 

Please feel free to come back to TurboTax Community with additional information or questions or click here for help in contacting Turbo Tax Support.