Does anyone run their quilting as a business and deduct all their fabric?
My MIL is a tax consultant. She has me get my checking account statements at the end of the year and I go over them and mark everything that has to do with quilting. I can see by the store how far I traveled to buy fabric and can deduct the gas and mileage on my rig. I deduct a portion of my mortgage payment because my quilt room is in my home. I sell some of my quilts and have a business so this helps me out tremendously on taxes. I keep most of my quilts (and give lots of family) but by having a business, I can write off a lot of my gadgets and fabrics and notions.