Glossary · View all terms →
Good Faith Estimate
Charity's best estimate of the vehicle's likely sale value, given at pickup.
What it means
When a charity acknowledges receipt of a vehicle, it often provides a 'good faith estimate' of expected sale proceeds. This is not your final deduction — Form 1098-C reports the actual sale. The good-faith number is for planning; rely on 1098-C for tax filing.
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60-second form, free pickup nationwide, IRS Form 1098-C after sale.