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claiming meals with clients

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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KrisD15
Expert Alumni

claiming meals with clients

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."

 

IRS source 

 

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6 Replies
ColeenD3
Expert Alumni

claiming meals with clients

What type of RE business? Are you a realtor? An RE professional? In what context are your business meals?

claiming meals with clients

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. 

KrisD15
Expert Alumni

claiming meals with clients

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."

 

IRS source 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

claiming meals with clients

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"?

 

claiming meals with clients

 

And here's where you will enter it

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claiming meals with clients

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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