Creating Custom Items

lockhartr871 — Tue, 10 Mar 2026 05:56:06 GMT

Hi,

I have recently started creating items using a 3D printer to sell. My question is can I deduct the cost of the printers, filaments and hardware used to create the items if I am not technically a business?

Thank you.

Re: Creating Custom Items

VolvoGirl — Tue, 02 Aug 2022 18:51:46 GMT

Yes that is self employment. You are self employed and have to fill out schedule C for business income. You don't have to have an official business set up. You and the business are one and the same. YOU are the business.

To report your self employment income you will fill out schedule C in your personal 1040 tax return and pay SE self employment Tax. Here's a Schedule C https://www.irs.gov/pub/irs-pdf/f1040sc.pdf

You can enter Self Employment Income into Online Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version or use any of the Desktop CD/Download programs.

How to enter self employment income

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

For the future, you should use a program like Quicken or QuickBooks to track your income and expenses. There is a QuickBooks Self Employment bundle you can check out which includes one Turbo Tax Online Self Employed return....

http://quickbooks.intuit.com/self-employed

You will need to keep good records. You may get a 1099NEC at the end of the year if someone pays you more than $600 but you need to report all your income no matter how small and if you don't get the 1099NEC.

You use your own records. You are considered self employed and have to fill out a schedule C for business income. You use your own name, address and ssn or business name and EIN if you have one. You should say you use the Cash Accounting Method and all income is At Risk.

After it asks if you received any 1099Misc or 1099NEC it will ask if you had any income not reported on a 1099Misc. You should be keeping your own records. Just go through the interview and answer the questions. Then you will enter your expenses.

Self Employment tax (Scheduled SE) is automatically generated if a person has $400 or more of net profit from self-employment. You pay 15.3% SE tax on 92.35% of your Net Profit greater than $400. The 15.3% self employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare. So you get social security credit for it when you retire.

The SE tax is already included in your tax due or reduced your refund. It is on the 1040 Schedule 2 line 4 which goes to 1040 line 23. The SE tax is in addition to your regular income tax on the net profit. You do get to take off the 50% ER portion of the SE tax as an adjustment on 1040 Schedule 1 line 15 which flows to 1040 line 10. Turbo Tax automatically calculates the SE Tax and Adjustment.

Here is some IRS reading material……

IRS information on Self Employment

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employed-Individuals-Tax-Center

Pulication 334, Tax Guide for Small Business

http://www.irs.gov/pub/irs-pdf/p334.pdf

Publication 535 Business Expenses

http://www.irs.gov/pub/irs-pdf/p535.pdf

Re: Creating Custom Items

Carl — Wed, 03 Aug 2022 14:05:53 GMT

If you are self-employed and reporting your business income/expenses on SCH C, then yes. Otherwise, it's considered hobby income and any expenses incurred for hobby income are not deductible.

Re: Creating Custom Items

Hal_Al — Thu, 04 Aug 2022 12:29:48 GMT

Q. Do you have a Hobby or business (self employment)?

A. See https://www.irs.gov/faqs/small-business-self-employed-other-business/income-expenses/income-expenses

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Creating Custom Items

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