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donation of car over $5,000

bbackues
Level 2

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

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5 Comments 5
Terry53029
Level 15
Level 15

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

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sjrcpa
Level 15

1) How valued = Sales Price. That's what's on the 1098-C isn't it?


The more I know the more I don’t know.
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bbackues
Level 2

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.   

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bbackues
Level 2

In the ProSeries Schedule A Noncash Contributions Smart Worksheet, "Sales Price" is not a choice in its drop-down field "How valued"

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sjrcpa
Level 15

Then what are the choices?

Is there "Other", which then lets you type in something?

I don't use ProSeries.


The more I know the more I don’t know.