Thread: Does anyone run their quilting as a business and deduct all their fabric?
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Old 01-07-2012, 08:30 AM
  #26  
Doreen
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I have some friends that work in a IRS office. That is one of the biggest red flags. If that is what you are doing, be ready for an audit. If you don't show a profit, it can be classified as a hobby and therefore you lose your tax advantage.
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