Tax deduction for car donated to Goodwill

[m2m]

Hello tax experts,
Your kind comments, advice please.
Car donated to Goodwill was sold. They say they need my SSn so that they can mail me a 1098-C that I would need to claim a deduction for the full sale price.  Is this an IRS requirement?
Thanks!

[weltschmerz]

I donated my old car to the Quebec Kidney Foundation.
The tax receipt was for $300 (standard) and they did NOT ask me for my Social Insurance number.

[haapai]

I have even less to offer you than the Canuck.  I just want to encourage your skepticism and bump the thread. 

Hopefully, an angel will see it and scream "Hell no!" if that is appropriate. 

[m2m]

Thanks weltschmerz,
Goodwill said can only deduct $500 without the 1098-C; Goodwill sold it for quite a bit more.

[haapai]

Have you calculated how complying with this request could possibly benefit you?  Sometimes calculating the actual number with any degree of accuracy helps clarify one's thinking. 

Even if the car sold for, $2500, or five times what you can deduct now, you might benefit from calculating what the extra $2000 in deduction will actually benefit you.  It might work out to an amount in tax savings that is a pittance compared to the hassle and expense of freezing or locking your credit. 

I highly suggest calculating that number before handing over your SSN. 

[spartan7886]

Goodwill is telling the truth as per the IRS instructions for the form. Up to you whether you think someone there will also use it for nefarious purposes.

[haapai]

See, sometimes prattling on attracts a helper. 

[TheOtherMe]

Umm, this exact question was asked on another forum and the same response given.  Did you think the answer would be different here?

[m2m]

Thanks everyone for your valuable input. And best wishes for a happy holiday season and a joyful, peaceful new year.
haapai, thank you for your prattling; I even learned a new word!
TheOtherMe, thank you for reminding me to browse in other forums for similar questions before posting.
 

[Deleted]

Didn't Trump virtually eliminate the value of itemizing by doubling the standard deduction?  It might still pay off in your state, however.

When DH had an old car to get rid of, I told him to offer to sell it for $50.  Offer something for free, and people will eagerly say, "Me, me."  Offer it for a really modest sum, and you will weed out some of that while still helping someone who needs help

It turned out his car needed a new battery in order to run.  The "buyer" was happy to turn it into a $100 purchase because he really needed a car.

Win/win. 

[m2m]

Thanks Southern Susana,
Tax reform doubled standard deduction but eliminated personal exemption.  In addition, state & local income taxes and real estate taxes are limited to 10K.  Unfortunately, the tax reform is not a win-win for many.
Happy holidays!

[rangerj]

Note: Congress writes the tax laws, as well all other federal laws, not the President.