Originally Posted by
Deborah12687
I don't know if any one has seen the artical on MSN money about selling your hobbies. Hobbies provide a great way to relax from the daily grind for many people and it is also offer a way to make extra spending money. Be aware that when your hobby produces income you owe tax on it. A good friend of mine who was making and selling from her home and now she has to pay lots of money to the IRS.
The VERY sad part of this is: When you try to wright off ALL of the $$$$ it costs for a SMALL quilting business (works best if you have a Great Tax person when knows about business tax laws), most offten you will hear back that "YOU DON'T OWN A BUSINESS, BUT YOU HAVE A HOBBIE" Now if that isn't talking out of both sides of Uncle Sam's mouth!!!!!