I entered information on Schedule A, Noncash Contributions Smart Worksheet.
My questions:
1) What should I enter in How valued? It would be nice is 1098-C was a choice
2) Vehicle was sold by donee for $10,300. ProSeries generated a Form 8283, but entered info in Section A, Donated Property of $5,000 or Less. But should be Section B, Donated Property over $5,000 (and Part I with Vehicles checked). How do I fix?
Thanks in advance
Donner can not sell car, must be sold by charitable origination, and they will give donner a 1098C. Then you enter the 1098c in Pro Series. Do not put on schedule A worksheet
1) How valued = Sales Price. That's what's on the 1098-C isn't it?
Hey Champ
1) The donee is the charitable organization that sold the car. I didn't say the donor sold the car. Nor did I say donner sold the car.
2) If I took out my entry in the ProSeries' Schedule A Noncash Contribution Smart Worksheet and tried to enter just the 1098-C, the first error message that comes up says I need to enter information in the ProSeries' Schedule A Noncash Contribution Smart Worksheet.
In the ProSeries Schedule A Noncash Contributions Smart Worksheet, "Sales Price" is not a choice in its drop-down field "How valued"
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.