This article will show you how designate a paid option as a tax deductible item and set a fair market value.
Required Access:
You will need the Registration Administrator or Administrator access level.
Where to go:
- Go to Admin > Member Management
- Find the Registration Tool Manager
Steps to be taken:
- Navigate to your paid event and below Options, click on edit to see all your purchase options.
- Below Actions, edit a paid option.
- Find the *Is Tax-Deductible toggle and set it to “Yes”.
- When this is set to “Yes”, the Fair Market Value (FMV) field will appear.
- In the newly displayed *Fair Market Value field:
- Enter the non-deductible portion of the ticket such as 17.50 (i.e., the value of goods/services received).
- No currency symbols should be used.
- Save the registration option.