I started a quilting business in 2021. I have one sale so far for $150. I purchased equipment, sewing supplies, fabric, etc. My question has to do with what items I can deduct as expenses. I have receipts for many of the items I purchased so I know those can be listed as expenses. What about the items I don't have receipts for like fabric and embroidery sewing machine that I purchased at an estate sale/yard sale. I paid $3000 for the machine and fabric but I don't have a receipt for it. Can I still claim these items?
Thanks, Linda
