Form 1098-C

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What Is Form 1098 C?

Form 1098-C, also known as the Contributions of Motor Vehicles, Boats, and Airplanes, is used to report charitable contributions of vehicles, boats, and airplanes with a claimed value of more than $500. IRS form 1098 c is used by both the donor and the recipient of the donation to report the details of the transaction.

Form 1098-C Screenshot

How To Fill Out Form 1098-C Online

Filling out Form 1098-C online is a simple process. Here is a step-by-step guide you ought to follow:

  1. Visit the PDFliner: PDFliner site provides a wide variety of different form templates for different situations.
  2. Get a copy: You can find and fill out the 1098 c form pdf for free on the PDFliner website.
  3. Obtain the necessary information: To fill out this document online, you will need the following information:
    • Donor's name, address, and taxpayer identification number (TIN)
    • Charitable organization's name, address, and TIN
    • Description of the donated property
    • Date of the contribution
    • Fair market value of the property at the time of the contribution
  4. Fill out the form: Using the template provided by the online filing service, fill out the required information. Make sure to double-check all the information before submitting the form.
  5. Submit the form: Once you finish filling out the form template you can send it to the IRS. After that, you should wait for a response.

What Should Form 1098-C Include

To fill out form 1098-c, you ought to provide the following information:

  • Donor Information: This section of the form requires you to provide your name, address, and taxpayer identification number (TIN). If you are an individual, your TIN is your social security number. If you are a business, your TIN is your employer identification number (EIN).
  • Vehicle Information: This section of the form requires you to provide information about the vehicle you donated, including the year, make, and model, as well as the VIN (vehicle identification number).
  • Donee Information: This section of the form requires you to provide information about the charitable organization that received your donation, including their name, address, and TIN.
  • Vehicle Fair Market Value: This section of the form requires you to report the fair market value of the vehicle at the time of the donation. If the charity sold the vehicle, they would report the sales price on this form.
  • Acknowledgment: This section of the form requires the charity to provide a statement acknowledging your donation. This statement should include the date of the donation, a description of the vehicle, and a statement indicating whether the charity provided any goods or services in exchange for the donation.
  • Signature: The donor and the charity must sign the form to certify that the information provided is accurate.

When to Request Form 1098-C

You may need to request a 1098 c form template in these situations:

  • If you donated a vehicle, boat, or airplane to a charitable organization and the organization sold it, you should receive a Form 1098-C from the organization. If you didn't receive the form by the end of the tax year, you could request it from the organization.
  • If you are claiming a charitable contribution deduction for a vehicle, boat, or airplane you donated to a charitable organization, you will need a copy of Form 1098-C as supporting documentation for your deduction. You should request it from the organization if you didn't receive it.
  • If you received Form 1098-C but believe its information is incorrect, you should contact the organization to request a corrected form.
  • If you are a charitable organization that sold a donated vehicle, boat, or airplane, you must provide a Form 1098-C to the donor who contributed. If you do not provide the form, the donor may request it.
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