Car donation and 1098-C

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Subject Author Date Car donation and 1098-C Gopi 10-12-2009  Re: Car donation and 1098-C Arthur Kamlet 10-12-2009
Posted by Gopi on October 12, 2009, 11:36 pm Please log in for more thread options Hi experts, I have 2008 tax situation where I donated a car and charity has sold it for $2750. Charity organization has sent a letter stating my name, car info and price they sold along with dates. When I printed out tax forms with Turbotax, it is asking for 1098-C form to attach, but I have not received it. If I don't have 1098-C, can I include letter from charity while sending tax returns ? Thanks, -Gopi -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Arthur Kamlet on October 12, 2009, 11:54 pm Please log in for more thread options >I have 2008 tax situation where I donated a car and charity has sold >it for $2750. Charity organization has sent a letter stating my name, >car info and price they sold along with dates. When I printed out tax >forms with Turbotax, it is asking for 1098-C form to attach, but I >have not received it. If I don't have 1098-C, can I include letter >from charity while sending tax returns ? First double check the lotter to see if it is marked "substitute for Form 1098-C" or something like that. If not, you need to get that 1098-C and attach it to your tax return. If you are e-filing, then attach the 1098C to a form 8853 and check the Form 1098C box of the 8853. Mail the 8853 to the IRS - Austin campus as shown on the form. The IRS has been pretty strict here. No form, not tax deduction. Without the form your deduciton is limited to the lower of $500 or FMV on date of donation. -- ArtKamlet at a o l dot c o m Columbus OH K2PZH -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted Donation direct from IRA? March 26, 2008, 12:17 pm Re: Donation direct from IRA? March 26, 2008, 1:24 pm Donation of vehicles February 17, 2009, 11:22 am Donation for a tennis tournament January 8, 2008, 5:04 pm The rule for not needing a receipt if donation less than 250 January 19, 2007, 1:39 am Travel costs for charitable donation February 8, 2008, 5:23 pm Eyeglasses donation - Fair Market Value April 23, 2006, 3:13 am Group donation to charitable organization? June 5, 2008, 7:30 pm