Thanks guys!
Wade- tax relief is exactly what I'm looking at.
Let me be clear, I'm not talking about quiting my day job and living in my shop, just making my hobby "official" in the eyes of the IRS. Knifemaking could never be a full time job for me even if I wanted it to be. I don't have the talent, patience, or desire to do it full time. The fact is I spend a lot of money and a lot of time (more than many spend on their primary business) on this hobby. I've done it long enough that I'm not ashamed to show someone what I've made anymore. According to my accountant if I take it to the next level and actually sell a few pieces many of my expenses could be written off.
I appreciate the words of caution and realize some of the fun may be lost when I can't just give everything away, but I'm hoping that whatever fun is lost will be replaced by the joy of a smaller tax bill.
-Dave
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www.ruhligknives.com
"The choice isn't between success and failure; it's between choosing risk and striving for greatness, or risking nothing and being certain of mediocrity." - Keith Ferrazi
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