View Single Post
Old 07-13-2011, 04:58 AM
  #10  
qbquilts
Senior Member
 
qbquilts's Avatar
 
Join Date: Mar 2011
Posts: 767
Default

Originally Posted by Jingle
I would check with a reliable CPA. You must fill out a long tax form to deduct anything.
It's not a long tax form, just the regular 1040, claiming itemized deductions on Schedule A. That's pretty standard for many people. If you already itemize (many who are paying on a mortgage do), then it's this form. It's in the same section where you list any charitable donations (cash or property) - such as church offerings or Goodwill donations. You would list it as "Kids Quilts Charity (whatever the name) and (for example) $50. In your backup documentation (receipts!!!!) you would need to have receipts for any materials used (fabric, thread, batting) as well as documentation for any mileage claimed (such as list of charity sew-in attendance and the mileage from your house to the location).
qbquilts is offline