Irs form 1098 c instructions 2017-2026

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. Fill in Boxes 2a to 2d with the odometer mileage, year, make, and model of the vehicle. Ensure that mileage is only entered for motor vehicles.
4. In Box 3, input the Vehicle Identification Number (VIN) for motor vehicles or appropriate identification numbers for boats and airplanes.
5. Complete Boxes 4a through 6c based on whether the vehicle was sold, transferred to a needy individual, or if goods/services were provided in exchange. Follow specific instructions for each box carefully.
6. If applicable, check Box 7 if the claimed value of the vehicle is $500 or less. This will exempt you from filing Copy A with the IRS.

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