Form 1098-C AR 2025

Form 1098-C AR: What You Should Know

Donating to a Charitable Use — IRC Section 170(d) A charity may elect to have its exemption from federal income tax included in the income provided by other items which are properly related to the charitable purpose. The following examples illustrate how charitable use would be treated when properly considered. Donating an automobile — Charitable use is the same as making a contribution to a qualified charitable organization (FEDERAL tax form 1068). Donating a non-automobile vehicle to a qualified charitable organization — You must: (2) Have a bona fide intention to use the non-automobile vehicle for the benefit of a charitable institution; (3) Have paid more than 250 for the non-automobile vehicle; (4) Have used all the non-auto vehicle in the charitable organization's trade or business; (5) Establish the non-automobile vehicle as the principal property of the charitable organization. What is an FEDERAL tax form 1068: Qualified Charitable Use by Charitable Institutions To obtain IRS Form 1068, or to check a charity's tax-exempt status, visit Charity Navigator's IRS Exempt Organizations Search. (A free trial is available through Charity Navigator's website until Feb 1, 2018.) To be eligible for a tax deduction, the donation must be made before you die or before the tax-deductible amount is received by the charitable organization. Example: You give 500 to a charity on your death that makes 100,000 per year in payments or donations of land for non-residential construction projects on the anniversary of your death. If the donated land is used for non-residential construction projects, your gift will be considered to be a donation of your residence. Your gift will result in a deduction of 100,000. You give a vehicle to a charity that is used for other business purposes. A car, boat, or airplane used by the charity for business purposes does not generate taxable income. This gift of a vehicle would be considered a contribution of that property to a charitable organization. Your gift of the vehicle would result in a deduction of 200, but the vehicle will be considered a charitable property asset for tax purposes. Donate to a non-profit group — If your deduction for the vehicle is more than the value of the vehicle, see Noncash Charitable Items.

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