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Does anyone run their quilting as a business and deduct all their fabric?
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01-05-2012, 11:25 AM
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catlinye_maker
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Join Date: Nov 2011
Location: Traveling by RV, USA
Posts: 47
Just to add to what everyone else has said: the IRS considers that to qualify as a business you have to make a profit two years out of five. If that's not the case, then it's classified as a hobby, and not deductable.
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