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Fillable Form 1098-C

Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, is a document used by a donee organization to report a contribution or sale of a qualified vehicle that has a claimed value of more than $500.

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What is Form 1098-C?

Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, is a document by the Internal Revenue Service (IRS) used to report information regarding a donated motor vehicle, boat, or airplane with gross proceeds of more than $500.

How to fill out Form 1098-C?

Fill out Form 1098-C within 30 days after the sale or contribution of a vehicle.

Note:

  • A donee may be an individual, charity, or organization that received or bought a vehicle, boat, or airplane.
  • A donor is an individual, company, or organization that sold or contributed a vehicle, boat, or airplane.
  • A vehicle may be a motor vehicle, boat, or airplane.
  • A qualified vehicle refers to an airplane, a boat, or a motor vehicle manufactured for use on public streets, roads, and highways.
  • Do not file Form 1098-C for vehicle contributions amounting to $500 or less. In such a case, you may furnish Copy C of Form 1098-C as a contemporaneous written acknowledgment. Mark box 7. Do not complete boxes 4a through 5c nor enter the donor's Tax Identification Number (TIN).
  • Mark CORRECTED only when correcting a form previously filed with the IRS or furnished to the donor.
  • Mark VOID if a completed or partially completed Form 1098-C is incorrect and you want to void it before you submit it to the IRS. Marking VOID will not correct your Form 1098-C. Go to the IRS official website for general instructions.

Copy A. For Internal Revenue Service Center

As a donee, you must file Copy A with the IRS for each contribution of a qualified vehicle with a claimed value of over $500. File it with Form 1096, Annual Summary and Transmittal of U.S. Information Returns. The due date of filing is on February 28 of the current tax year.

DONEE’S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no

Enter your name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone number.

DONEE’S TIN

Enter your TIN.

DONOR’S TIN

Enter the donor's TIN.

If you mark box 7, you are not required to enter the donor's TIN.

You may also enter the last four digits of the donor's TIN for security purposes. However, you must issue the donor's complete TIN to the IRS.

Enter complete TIN on Copy A.

DONOR’S name

Enter the donor's name.

Street address (including apt. no.)

Enter the street address, including the apartment number, where the donor lives.

City or town, state or province, country, and ZIP or foreign postal code

Enter the city or town, state or province, country, and ZIP or foreign postal code where the donor lives.

Box 1. Date of contribution

Enter the date you received the vehicle from the donor.

Box 2a. Odometer mileage

Enter only the motor vehicle's odometer mileage in miles.

Box 2b. Year

Enter the vehicle year of the motor vehicle, airplane, or boat.

Box 2c. Make

Enter the vehicle’s make.

Box 2d. Model

Enter the model of the motor vehicle, airplane, or boat.

Box 3. Vehicle or other identification number

For a motor vehicle, enter the Vehicle Identification Number (VIN).

For a boat, enter the Hull Identification Number (HIN).

For an airplane, enter the Aircraft Identification Number (AIN.

Box 4a. Donee certifies that vehicle was sold in arm’s length transaction to unrelated party

Mark the box to certify that the vehicle was sold in an arm's length transaction to an unrelated party. Then, complete boxes 4b and 4c.

Box 4b. Date of sale

Enter the date the vehicle was sold in an arm's length transaction.

Box 4c. Gross proceeds from sale

Enter the gross proceeds from the sale of the vehicle.

Box 5a. Donee certifies that vehicle will not be transferred for money, other property, or services before completion of material improvements or significant intervening use

Mark the box to certify that the vehicle will not be transferred for money, other property, or services before completion of material improvements or significant intervening use. Then, complete box 5c.

Mark the box if you intend to:

  • Use the vehicle to substantially further your organization or charity's regularly conducted activities; or
  • Make a material improvement to the vehicle. It includes making major repairs and additions to the vehicle, which improves its condition and value.

Box 5b. Donee certifies that vehicle is to be transferred to a needy individual for significantly below fair market value in furtherance of donee’s charitable purpose

Mark the box to certify that you intend to transfer the vehicle to a needy individual for significantly below fair market value in furtherance of your organization's charitable purpose.

If you mark the box, do not enter any amount in box 4c.

Box 5c. Donee certifies the following detailed description of material improvements or significant intervening use and duration of use

Enter a detailed description of the material improvements to make or your intended significant intervening use and its duration.

Box 6a. Did you provide goods or services in exchange for the vehicle?

Mark the box if you provided goods or services to the donor in exchange for the vehicle. Then, complete box 6b.

Box 6b. Value of goods and services provided in exchange for the vehicle

Enter the value of goods and services provided in exchange for the vehicle.

Box 6c. Describe the goods and services, if any, that were provided. If this box is checked, donee certifies that the goods and services consisted solely of intangible religious benefits

Enter descriptions of the goods and services you provided in exchange for the vehicle. Then, mark the box to certify that the goods and services consisted solely of intangible religious benefits.

Box 7. Under the law, the donor may not claim a deduction of more than $500 for this vehicle if this box is checked

Mark the box if the vehicle has $500 or less claimed value or the donor did not provide his or her TIN.

If you mark the box, do not file Copy A with the IRS or give Copy B to the donor.

Note: To fill out Copy B, Copy C, and Copy D, follow the instructions on Copy A.

Copy B. For Donor

Furnish Copy B to the donor. He or she can attach it to his or her federal tax return to take a deduction for the contribution of a qualified vehicle with a claimed value of more than $500.

However, if you marked box 7, do not furnish Copy B to the donor.

Copy C. For Donor’s Records

Furnish Copy C to the donor for his or her record.

Copy D. For Donee

The information you will provide on Copy D of Form 1098-C is intended for Privacy Act and Paperwork Reduction Act Notice to carry out the Internal Revenue laws of the United States.

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