Client Donated Auto

[Booger]

Client donated their auto to Goodwill. They received a Form 8283 and Form 1098-C from Goodwill.

I believe that this year's return cannot be e-filed because the 1098-C needs to be "attached" the 1040.

If it CAN be e-filed, how is this done?

Thanks for your responses.

[Margaret CPA in OH]

Form 8453. It's the first item on the list of attachments that can be sent.

[Booger]

Margaret, I saw that the 8453 has a box for the 1098-C. If you e-file

the 8453 with the 1040, how do you "file" the 1098-C? Is it mailed in,

or what?

[jasdlm]

Booger -

I just did one of these earlier this week. I efiled the return (without the 8453). I then mailed in the 8453 with the 1098-C attached.

This is the way I interpreted the instructions for the 8453.

When and Where To File

If you are an ERO, you must mail Form

8453 to the IRS within 3 business days

after receiving acknowledgement that the

IRS has accepted the electronically filed

tax return.

Use Form 8453 to send any required

paper forms or supporting

documentation listed next to the

checkboxes on Form 8453 (do not send

Forms W-2, W-2G, or 1099-R).

If you are filing your tax return using an

online provider, mail Form 8453 to the

IRS within 3 business days after you have

received acknowledgement from your

intermediate service provider and/or

transmitter that the IRS has accepted

your electronically filed tax return. If you

do not receive an acknowledgement, you

must contact your intermediate service

provider and/or transmitter.

Mail Form 8453 to:

Internal Revenue Service

Attn: Shipping and Receiving, 0254

Receipt and Control Branch

Austin, TX 73344-0254

Hope I didn't screw up.

[Margaret CPA in OH]

Jasdim, you did it correctly. I did 2 of those last year and all went well. Booger, I assumed that you had or would read the 8453 instructions once led to the form. Sorry about that! Jasdim provided them - s/he is nicer than I am... I think you are on the right track now and can rest easy with this one.

[Booger]

Margaret....MY BAD! That'll teach me to READ THE INSTRUCTIONS first!.

Sorry about that.

Repentant Booger

[Margaret CPA in OH]

That's okay. We all do it sometimes. Especially when there are so many very helpful folks here that support us.

If you know anything about Form 8903 and how to input what in a K-1 for the shareholder, I really need help with that. When I finished this year's 1120S and it had a loss, I began the carryback to last year. When I looked afresh at last year's return, I realized that it qualified for the DPAD so had to go back and reread all that still incomprehensible gobbledy gook. I think I have it but not sure. I will likely be posting that separately here soon!

[Booger]

Margaret, I know that all the numbers used to calculate the deduction are entered

on line 12 (Codes P,Q,R) of the 1120-S. They then should automatically flow over

to the shareholder's K-1.

[Margaret CPA in OH]

Thanks, I got sort of that far. This is for a 2007 return and, when I go to Detail-Items, it just shows Line 12 Dom Prod Act Inf Code O - Items 1 through 8. The next Line 12 is Code R Othr Ded. So I don't see P and Q (nor do I mind them!) and don't understand what the items 1-8 are supposed to be. I input gross receipts on Item 1 and expenses on Items 4 and 5. That seemed to flow through but I don't understand the instructions about the W-2 wages. They are from the S-corp, of course, but not reported on the K-1. Sigh... I'm confused.

So I'll go out for a run to make a bank deposit and get psyched for the 14 miler tomorrow at 7:30. Training for my 5th marathon.

[Lion EA]

Good Luck !! :P