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adrienne
@adrienne
Question for my nonprofit friends and 501(c)(3) Ops people, If you accept crypto directly to a wallet address and not through an intermediary, are you providing tax deductible receipts? How would you see that working if you (hypothetically) accepted payments through Pay on Warpcast? Do nonprofits ever accept donations and say "sorry no receipt". I'm thinking through scenarios as I get this set up cc: @zachfrench @irinaliakh
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Zach French
@zachfrench
Most of the giving software automatically generates receipts. In this instance you could put it on the donor to generate a receipt However anything over $250 and you are required to give an acknowledgment letter So you’d need to gather a bit of PI
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Zach French
@zachfrench
Also you would need to either convert immediately or keep a record of value in USD at time of transfer for you 990 tax filing at EOY I’d be interested in @heegs thoughts here
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adrienne
@adrienne
would be in USDC so at least makes conversion easy :)
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