Old 01-05-2012, 09:30 AM
  #10  
Hinterland
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Join Date: Oct 2009
Location: Hudson Valley, NY
Posts: 939
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As I understand it, when the IRS takes their share out of the money I get from quilting, I can deduct the costs involved in making that income. I can't deduct more than the income, so if I make $100, I can't claim it cost me $200 to make something and deduct it.

I don't remember if my accountant deducts for the sewing room, but if he does I can guarantee that it is only used for quilting unless you walk on four feet and need the litter box - the room doesn't double as a bedroom or storage room, and apart from the litter box, everything in it relates to quilting.

If I get audited, so be it, although it would be huge waste of time and taxpayer money. I have my receipts saved and I'll be glad to show them exactly what I spent. I'm not making much more than pin money, and even with the deductions I usually have to pay.

Janet
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