Donation of Farm Tractor

[RLymanC]

Tractor FMV is $5000.00, it appears no wriiten appraisal required because it does not exceed $5000.
The equipment will be retained and used by the charitable organization.

Would the tractor be considered a motor vehicle and require form 1089-C be filed?

[cpadan]

A motor vehicle is one designed to travel on public roads, streets ect. Check the instructions for form "1098-C".
Dan

[Davc]

Is this a farm tractor that the owner (or previous owner if received by gitf) had used for business.? A charitable deduction for business use property is reduced by the amount that would have been ordinary income if sold at FMV. Fully depreciated, no deduction unless FMV is greater than unadjusted basis.