How do I create Form 1098-C?

Creating Form 1098-C

  1. Click on the Payer List button.
  2. Double click on the payer name.
  3. Highlight the recipient to add the form to.
  4. Click on the Add Form button.
  5. Choose 1098-C from the Form Type drop down menu.
  6. Fill in the necessary fields on the form:
    • Corrected:  Check this box if it applies.
    • Account Number:  A number assigned to recipient by the payer.  This field is optional except for the following cases: 
      • The recipient has multiple returns for the same return type.
      • The returns are filed using the E-file Center.
    • Date of contribution:  The date the motor vehicle, boat, or airplane was received from the donor.
    • Odometer mileage:  For donations of motor vehicles, enter the odometer reading (in miles) of the vehicle. Leave the odometer mileage blank for donations of boats and airplanes.
    • Vehicle Year, Make, and Model:  Enter this information in the order stated. 
    • Vehicle or other identification number:  
      • A motor vehicle ID number is 17 alpha/numeric characters. The vehicle's owner's manual will indicate the location.  
      • A boat's hull ID number is 12 characters and usually located on the starboard transom.  
      • An aircraft ID number is 6 alpha/numeric characters and located on the tail of the U.S. aircraft.
    • Donee certifies that vehicle was sold in arm's length transaction to unrelated party:  Check this box if it applies.
    • Date of sale:  Enter the date that the vehicle was sold if the checkbox on line 4a is checked.
    • Gross proceeds from sale:  Enter the gross proceeds from the sale of the vehicle if the checkbox on line 4a is checked. This is generally the sales price. Do not reduce this amount by any expenses or fees.
    • Donee certifies that vehicle will not be transferred for money, other property, or services before completion of material improvements or significant intervening use: Check this box if it applies.
    • Donee certifies that vehicle is to be transferred to a needy individual for significantly below FMV in furtherance of donee's charitable purpose: Check this box if it applies.
    • Description of material improvements: Describe in detail the intended material improvements to be made by the organization or the intended significant intervening use and duration of the use by the organization.
    • Did you provide goods or services in exchange for the vehicle?:  Check Yes, if donee provided goods or services in exchange for the vehicle.
    • Value of goods and services provided in exchange for the vehicle:  Provide a good faith estimate of the value of those goods and services including intangible religious benefits.
    • Description of the goods and services: Describe in detail the goods and services, including intangible religious benefits, that were provided to the donor. 
    • If this box is checked, donee certifies that the goods and services consisted solely of intangible religious benefits:  Check this box if it applies.
    • Under the law, the donor may not claim a deduction of more than $500 for this vehicle if this box is checked:  Check this box if it applies.
  7. Click Save. 
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