Quiltingboard Forums

Quiltingboard Forums (https://www.quiltingboard.com/)
-   Introduce Yourself (https://www.quiltingboard.com/introduce-yourself-f3/)
-   -   Donated Quilts (https://www.quiltingboard.com/introduce-yourself-f3/donated-quilts-t95593.html)

jaly3162 01-31-2011 02:55 PM

Do you take a deduction on income taxes when you donate a quilt to charity, and, if so, what amount do you deduct? Thanks!

Jim's Gem 01-31-2011 03:00 PM

Welcome to the board from Southern California!
I believe that you can deduct the cost of your materials not the cost of your time. So figure out what your fabric, thread and batting costs are.
It is best if you have some kind of receipt from the charity receiving your donation. Write the information directly on your receipt.

ckcowl 01-31-2011 03:00 PM

according to the guidelines you can claim the cost of the materials used...you need your receipts.

jdiane318 01-31-2011 03:13 PM

Being a chapter coordinator for Project Linus, I hand out donation receipts for anyone who asks. Several of the ladies use these for their taxes. One lady takes pics of all her quilts, puts them on a cd and then keeps the receipts for her taxes, in case she is ever audited. You can deduct your cost of materials but not your labor.

quilting cat 01-31-2011 03:13 PM

I have donated quilts to a fund-raising auction, and they send letters with the amount raised on the sale of each quilt.

LAB55 01-31-2011 03:16 PM

Hello from Western Mountain Maryland !!

pab 01-31-2011 03:49 PM

Hello and welcome from florida. pab

craftybear 01-31-2011 03:53 PM

Welcome, waving from central Indiana, USA

MinnieKat 01-31-2011 04:34 PM

Welcome from Minnesota! :)

Qbee 01-31-2011 05:06 PM

Howdy and Welcome from Kentucky!! http://www.freesmileys.org/smileys/s...um/welcome.gif

Sadiemae 01-31-2011 05:30 PM

Hello, and welcome from Idaho!

Cyn 01-31-2011 05:46 PM

Hi and Welcome from NC!

Vicki W 01-31-2011 05:48 PM

Welcome from Georgia

amma 01-31-2011 06:24 PM

Hello and Welcome to the board :D:D:D

CarrieAnne 01-31-2011 07:40 PM

welcome!

sewwhat85 02-01-2011 08:13 AM

welcome great info

ann clare 02-01-2011 10:34 AM

Welcome from Ireland

buckyfan19 02-01-2011 10:43 AM

Welcome from a very white Wisconsin. Great question! My hubby and I were having that conversation this weekend, so I now know the answer!

Lori B. 02-01-2011 11:36 AM

Welcome from Michigan.


All times are GMT -8. The time now is 11:03 AM.