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Discussion Forum Index --> Tax Questions --> 1098-C
WOLLAM (talk|edits) said:
| 18 February 2007
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| In four years of practice I finally have a client who donated a car to a local charity. However, my software seems to be a little unclear. My questions is this: with a 1098-C, must the return be filed by mail or can it be efiled? Software keeps saying PIN must not be entered. Thanks for any help.
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Deback (talk|edits) said:
| February 18, 2007
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| You can efile, but you'll have to send in Form 8453 and the 1098-C without using a PIN.
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JR1 (talk|edits) said:
| February 18, 2007
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| ? Why, Deb? I've just got one, too, but didn't actually enter the 1098C, merely the info onto the charitable stuff form...it should go thru like that.
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Riley2 (talk|edits) said:
| 19 February 2007
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| The 1098-C must be attached if the deductible amount is over $500. I see no problem with e-filing.
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Deback (talk|edits) said:
| February 19, 2007
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| There is no problem efiling returns with a 1098-C, but the 1098-C has to be sent to the IRS with Form 8453. This was a new requirement beginning for 2005 returns. Go into your EF screen and look at the list of forms that are required to be sent in with Form 8453. Form 1098-C is listed, and Riley is correct that Form 1098-C must be attached to Form 8453, when the deductible amount is over $500.
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Wwtaxes (talk|edits) said:
| 12 April 2007
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| I have a 1098C and am also using Pro Series and also getting the PIN error. I understand what Deb is saying. Here's where I'm confused: The 1098C has no value on it bc the truck is being stripped for parts. The TP gave a FMV of $300 - $500 for the truck. If the value is < $500, do I even have to deal with the 1098C at all? Can I just delete it from the return and efile as usual, and not send in the 8453/1098C at all?
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