This article will show you how designate an item in the Simple Store as a tax deductible item and set a fair market value.

Required Access:
You will need the Store Manager or Administrator access level. 

Where to go: 

  1. Go to Admin > Member Management
  2. Find the Simple Store

 

Steps to be taken: 

  1. Filter the Page to find your Simple Store.
  2. Below the Items column, click on the number to see a list of all the items for sale.

  3. Below Actions, click on edit to add FMV to the item.
  4. To enable FMV for this item, set *Is Tax Deductible field to Yes and the FMV field will appear.
     
  5. For *Fair Market Value, enter the market value of the item provided. Take note, no currency symbol should be used.
    • For example, a T-Shirt sells for $30 but has a value of $15. You can set the FMV to 15.
  6. Click Save to apply the FMV settings.