Where on TurboTax Home & Business, under Let's write off some business expenses do I claim meals associated with my Real Estate Business?
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Desktop has restaurant meals (100% deduction) listed separately from meals.
Online has both in the same section under meals while traveling.
"Beginning January 1, 2021, through December 31, 2022, businesses can claim 100% of their food or beverage expenses paid to restaurants as long as the business owner (or an employee of the business) is present when food or beverages are provided and the expense is not lavish or extravagant under the circumstances."
What type of RE business? Are you a realtor? An RE professional? In what context are your business meals?
I am a Residual Broker, Realtor and profesional. Taking out clients to breakfast, lunch and Dinners at Restaurants (examples McDonalds to high end Steakhouses) I think found Meals (Meals while Traveling- has both 50% coverage and 100%) on TruboTax Home & Business.
Desktop has restaurant meals (100% deduction) listed separately from meals.
Online has both in the same section under meals while traveling.
"Beginning January 1, 2021, through December 31, 2022, businesses can claim 100% of their food or beverage expenses paid to restaurants as long as the business owner (or an employee of the business) is present when food or beverages are provided and the expense is not lavish or extravagant under the circumstances."
In TurboTax H&B 2022, I'm not seeing what you are describing.
The only thing is "meals while travelling".
Where do I enter meals with clients and a "company event"?
And here's where you will enter it
OIC
I never drilled down into that section because the title is misleading.
Meals with clients most often do NOT happen "while travelling".
I think TurboTax needs to fix that.
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