According to the IRS:
Who Must File
‘A donee organization must file a separate Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, with the IRS for each contribution of a qualified vehicle that has a claimed value of more than $500. A qualified vehicle is any motor vehicle manufactured primarily for use on public streets, roads, and highways; a boat; or an airplane.
You received Form 1098-C because you donated a motor vehicle, boat, or airplane (“donated vehicle”) to the charity shown on the front of your form.’ ---from the IRS
What does this mean to me and my boat donation
When you donate a vehicle, watercraft, boat trailer, or anything else with a title to charity, you should receive a 1098C IRS donation form from that charity shortly after you give. Usually within 30 days of the date of donation or 30 days from the date of sale of your donation by the charity (depending on what the charity has done with your item). When you donate with us we guarantee to issue a 1098C form each time you give!
A 1098C IRS donation form for your boat donation will allow you to receive a full fair market value tax deduction from the IRS each time you give. This form tells about the charitable organization you gave to, what they have done with your boat, and if they have sold it, what price they received. If you have an appraisal you want to accompany that appraisal along with a 1098c IRS donation form and possibly additional forms like an 8283 IRS donation form. Click here to go directly to our 8283 IRS non-cash donations form page. We always provide our boat donation donors a complete 1098C IRS form within 30 days from the date of donation (unless you have an appraisal at which time other arrangements can be made for you).
Would you like to learn more about giving back through boat donation? Would you like to learn more about a 1098C IRS donation form and the process for giving? Give us a call! Our volunteers are here seven days a week and happy to answer all of your donation questions once you are ready to give.
Download 1098c IRS Donation Form
2) Download your IRS form 1098C here. Use this form for all types of watercraft donation made to charity. This form is proof of your IRS federal tax deduction eligibility. Donate with us and we will provide you this form free of charge! Your 1098C forms, along with all other necessary donation forms are always provided by us free of charge!