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