The Salvation Army will provide you information about this, but you can contact them if you have questions. A statement on how the car was used for charity (for example, selling it to raise funds for a rehabilitation program). Charity Motors is a highly efficient charity that accepts vehicle donations, which they turn around and sell to individuals in need for 50 percent of the fair market value, and they donate a high percentage of the proceeds to the charity of your choice.The amount the car was sold for (this information will be mailed to you by the Salvation Army).The date of the sale (this information will be mailed to you by the Salvation Army).The make, model, year, VIN, and odometer reading of the car you donated. In order to complete form 1098-C, you will need information including: VIDEO WDRB drone shows traffic backup in southern Indiana amid directional. If you prepare and send your own tax forms, make sure to include the completed form 1098-C with your return for the year you donate the car. Car show held in Hillview benefits UofL Health cancer research, patients. government agency in charge of managing the Federal Tax Code Go to source If you use automated tax preparation software or a third-party tax preparer, then the form will be submitted for you. X Trustworthy Source Internal Revenue Service U.S. If you have questions or would like assistance in getting a deduction for donating your vehicle, contact a tax advisor.Ĭomplete form 1098-C and include it with your tax return.government agency in charge of managing the Federal Tax Code Go to source How to donate a car Your car donation to Habitat supports families in your local community. If you have an unusual vehicle you are interested in donating, give us a call at 1-87 or email us at. Currently, you can only itemize deductions (such as for donating a vehicle) on Schedule A of IRS Form 1040. Call 1-87 to start your donation by phone.The Salvation Army has also published a legal memorandum on tax exemptions.You can reread the regulations concerning vehicle donations in the IRS publication “Donor’s Guide to Vehicle Donation.” X Trustworthy Source Internal Revenue Service U.S.You can find the most up-to-date information on the IRS website. If this organization aligns with your passions and values, you can give with. Regulations regarding vehicle donations may change from year to year. This Charitable Organization is headquartered in Indianapolis, IN. government agency in charge of managing the Federal Tax Code Go to source The IRS monitors vehicle donations to make sure that donors get the right tax benefit, and to prevent fraud. Read and understand IRS regulations regarding vehicle donations.
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