Get the free 2014 Form 1098-C. Contributions of Motor Vehicles, Boats, and Airplanes
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How to fill out 2014 form 1098-c contributions
How to fill out 2014 form 1098-c contributions
01
Gather all the necessary information such as name, address, and taxpayer identification number of the charitable organization.
02
Obtain a copy of the 2014 form 1098-C contributions from the Internal Revenue Service (IRS) website or a tax preparation software.
03
Fill out the donor information section including your name, address, and taxpayer identification number.
04
Provide the details of the donated vehicle including the year, make, model, and vehicle identification number (VIN).
05
Determine the fair market value and the gross proceeds from the sale of the vehicle.
06
Calculate and enter the amount of any goods or services received in exchange for the donation, if applicable.
07
Complete the acknowledgement section by providing the name, address, and taxpayer identification number of the charitable organization.
08
Sign and date the form to certify the accuracy of the information provided.
09
Attach any required documentation such as a written acknowledgment from the charitable organization.
10
Keep a copy of the completed form for your records and submit the original to the IRS.
Who needs 2014 form 1098-c contributions?
01
Individuals who made charitable contributions of motor vehicles, boats, or airplanes with a claimed value of more than $500 in 2014 need to file the 2014 form 1098-C contributions.
02
Charitable organizations that received such donations are also required to provide a copy of the completed form to the donor.
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