Want to send tax receipts to your auction winners? This article will show you how you can enable this feature.
With our auction system, you can automatically generate tax receipts for auction item winners if the winning price is over the value of the item!
Please Note:
Tax receipts can be generated for silent and live auction items if the winning price is over the following values:
- In Canada - winning price must be 125% or more of the item value based on CRA regulations.
- In the US - winning price must be 100% or more of the item value based on IRS regulations.
Enable Tax Receipts for Auction Items
1. Make sure you have tax receipts enabled and set up on your fundraiser. Follow this article on How to Set up Tax Receipts
2. From your fundraiser builder, go to Silent and Live Auctions > Edit Auction Items then find the auction item you want to issue receipts for, and click the Pen Icon to edit.
3. Scroll down and check the box to Send tax receipt if item sale price is 125%+ of value.
4. Now if a winner purchases an auction item for a higher price than the value of the item, a tax receipt will be automatically generated and sent.
Important:
- The tax receipt will only include the portion of the purchase above the item value.
- If the winner does not have a mailing address, tax receipts will fail to generate. You will need to gather a mailing address from the purchaser, edit their checkout, and generate the tax receipt.
Did that answer your question? Feel free to reach out to support@trellis.org if you need any assistance.