Fair Market Value / Deductible Amount (per item/ticket) | Voters

Fair Market Value / Deductible Amount (per item/ticket)

complete

Max Friedman

Add the ability for admins to set the Fair Market Value of tickets and items, so that donors can take the remainder of their donation as a tax deduction.

September 29, 2020

Janny Gonzalez Velasquez

Good afternoon, Givebutter team. It seems as though this is only available for tickets but not for bundles. Bundles are not even taking the FMV of tickets included. Will this be available?

Clifton Gillock

Looks like this was marked as complete yet it only allows us to add a tax deductible disclaimer.

Kevin Replinger

Hi Clifton Gillock

The FMV field is also available on tickets and auction items when setting up event campaigns or auctions.

Kevin Replinger

marked this post as

complete

Hi everyone,
The Givebutter team is excited to announce the launch of Tax Deductibility Settings and Fair Market Value.
This feature is:
Available to verified nonprofits
Configurable in Setting > Account > Tax Deductibility
Enables adding Fair market value on tickets and auction items
Shows tax-deductible amounts on receipts and end-of year summaries when donations include goods or services, like event tickets or auction items.
Thanks!
Kevin

Abigail Prescott

How has this not been taken care of yet....

Michelle White

Wish I would have known this was an issue BEFORE I helped onboard two organizations as this is a BASIC feature that anyone with professional fundraising skills knows is REQUIRED by the IRS.

katy rogers

This is SOOO important. Please fix ASAP. The way it is currently, the receipts are not following IRS rules the automatic receipts make it look like the FULL amount is tax-deductible!! Concerned why this hasn't been fixed with so many concerns for YEARS. Than k you.

Todd Orner

May we please have a status update on this request?

Krystle Hart

Looking for an update on this as we send out our end of the year giving summaries!

Andrea Gatchis

This feature would be so helpful!

Stephanie Eichberg

This feature would be incredibly helpful. Does anyone have any suggestions for working around this when exporting transactions? We'd love to be able to export net vs. gross without having to do it manually through excel after the export.

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