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How to prepare Form 1098-C
About Form 1098-C
Form 1098-C is a tax form used by non-profit organizations to report donations of vehicles, boats and airplanes to the Internal Revenue Service (IRS). The form is needed by individuals who have donated one of these items to a qualified charitable organization and wish to claim a tax deduction on their federal income tax return. The form indicates the organization's name, date of contribution, a description of the vehicle, and the vehicle's fair market value. The fair market value of the donated property serves as the basis for determining the amount of the donor's tax deduction.
What Is Form 1098-C
Online solutions make it easier to organize your file administration and raise the efficiency of the workflow. Observe the quick guideline in an effort to complete IRS Form 1098-C, keep away from errors and furnish it in a timely way:
How to complete a Form 1098-C on the internet:
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