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Learn More About Form 1098-C

What is a 1098-C?

Form 1098-C is used to report contributions of motor vehicles, boats, and airplanes to charitable organizations.

Why do I file 1098-C?

The IRS requires that all income and deductible expenses are reported by businesses and individuals or penalties could apply.

Who needs to file 1098-C?

A donee organization must file a separate Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, with the IRS for each contribution of a qualified vehicle that has a claimed value of more than $500. A qualified vehicle is any motor vehicle manufactured primarily for use on public streets, roads, and highways; a boat; or an airplane. However, property held by the donor primarily for sale to customers, such as inventory of a car dealer, is not a qualified vehicle. See the official IRS instructions.

When do I file 1098-C?

1098-C forms are required to be mailed to the recipient 30 days from date of sale or contribution and e-filed with the IRS by April 2, 2018.

1098-C Reporting Information

What to report Amount to report
Information regarding a donated motor vehicle, boat, or airplane. Each sale of a donated vehicle that has gross proceeds of  $500 or more.