Reply To: 1098-C Deduction for donated car

Home Fairmark Forum Other Tax Topics 1098-C Deduction for donated car Reply To: 1098-C Deduction for donated car

#1821
kaneohe
Participant

Perhaps compare your std deduction w/ your itemized deduction w/ the car sale price. The amount by which your itemized deduction exceeds the std deduction times your marginal tax bracket is your extra benefit for itemizing. Then you’d have to see if that extra
benefit is worth giving your SSN away…..only you can decide that.
It does look like they do need your SSN for the 1098-C so it’s
probably ok.

  • This reply was modified 2 years, 9 months ago by kaneohe.