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On the other hand, if you really can fabricate a table, chair, whatever that truly has a value of $1500 (that is, someone would buy it for that price), why wouldn't you just sell it at that price? I guess it would be considered a hobby, so you could deduct the cost of materials, etc. from the sales price, and then pay taxes on the income. Still, you'd come out far ahead of where you'd be if you could deduct the $1500, which would reduce your taxes by $1500 times your marginal tax rate. (It's the same as the difference between donating your car - and taking a deduction - and selling it. Selling it nets you far more, if you can stand the aggravation of doing it...)

Lorenzo
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