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Just to clarify according to tax law put into effect in 1988 (I am researching the actual code so I may lobby to change this, it really stinks..). We can only deduct the materials we used to produce the piece. The fair-market value is NOT tax-deductible. A real bummer..
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Stanka I think you are correct on this.
Karin,
To clarify, the amount raised for charity it all depends on the charity auction and what is donated.
I had a 9"x12" oil sketch that went for over $1000 on a Public television auction. This type of piece I seldom sell for more then $200-$500 (unframed of course) and it is only 2-3 hours to complete one. I even might do two or more of these of a client that I have no intention of selling before I do a large commission to work out colors and/or composition or to get a feel for the person I am painting. (and when doing illustrations I often submit a color sketch like this for approval before starting the finished piece.)
And the same for pieces I have given away to friends or relatives these are not large commissions like you are referring to. But I would not even have a problem giving a piece like that to a relative if it was a very special reason. And I felt like the gift would be appreciated.
And as for how I earn my living, yes it is from my art. Not all portraits but I have no other income except my Art. I am doing more portraits now but I also do commissioned illustration work and sell other paintings.
But...
I do not think it has anything to do with how you earn your living. If I was a plumber and a close relative needed some work done I would not charge them if it was within my means to help.
Like you said this is just another viewpoint.