Does turbo tax take my business entertainment expenses and divide by half or should i do the division before entering the business entertainment figure?
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Does turbo tax take my business entertainment expenses and divide by half or should i do the division before entering the business entertainment figure?
Does turbo tax take my business entertainment expenses and divide by half or should i do the division before entering the business entertainment figure?
You should enter the full amount and TurboTax will calculate the 50% limit for you. Just make sure you enter the information in the Meals and entertainment (50% limit) section. Please click the screenshots below for reference.
Does turbo tax take my business entertainment expenses and divide by half or should i do the division before entering the business entertainment figure?
You should enter the full amount and TurboTax will calculate the 50% limit for you. Just make sure you enter the information in the Meals and entertainment (50% limit) section. Please click the screenshots below for reference.
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