Originally Posted by
Treasureit
Maybe a good write-off??? Naaa - probably not.
Actually, it is a good write-off. If you make quilts for Project Linus or for your guild to donate to homeless, NICU units, etc., you can take the cost of your fabric and other supplies used in the quilt as a donation. If you sell any quilts/blocks, etc., you can list that income and deduct your costs. It may not be much, but it's worth it sometimes if you do enough donation/charity quilt type things.
I design patterns, sell them, sell some quilts, and donate the quilts I make as mockups for patterns to my guild. I also edit patterns for other designers. I sometimes make only a few hundred a year, but I can deduct some of my fabric cost and it evens out. Better still, because I keep track of everything and report it, I don't have the IRS on my back.