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Self employed ind. contractor. Received $59/day perdiem for meals, included in income Box 7 on 1099-Misc. Does the 50% ded for meals on Sch C line 24 apply to perdiem?
Confused about the 50% meals deduction on Sch. C Line 24b as it pertains to daily per diem amount. It is added as income to Box 7 on non-employee compensation and I think I should be able to deduct the full amount received as per diem?
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‎June 3, 2019
10:31 AM