Irs form 1098 c instructions 2016-2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering the date of contribution in Box 1, which is the date you received the vehicle from the donor.
3. In Boxes 2a to 2d, provide details about the vehicle: odometer mileage (Box 2a), year (Box 2b), make (Box 2c), and model (Box 2d). Ensure that mileage is recorded in miles.
4. Complete Box 3 with the Vehicle Identification Number, which can be found on the vehicle itself. For boats and airplanes, refer to their respective identification locations.
5. If applicable, check Box 5a if you intend to make significant improvements before transferring the vehicle. Provide details in Box 5c regarding these improvements.
6. For vehicles sold in an arm's length transaction, check Box 4a and enter the sale date in Box 4b. Record gross proceeds from the sale in Box 4c.
7. Finally, ensure all required boxes are checked based on your situation and review for accuracy before saving or exporting your completed form.

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