This is a business expense under:
- Other Common Business Expenses...update
- Meals...update or start
Meals (50% limit) These expenses are 50% deductible.
- Meals during business travel
- Office snacks
- Meals at a seminar or conference
- Meals while conducting business
- Other meals expense
- While most meal expenses for business are only 50% deductible, there are a few exceptions to this rule that are fully (100%) deductible. We ask for these expenses after you enter meal expenses that are 50% deductible.
Examples include:
- Company parties, picnics, team-building offsites, outings for all employees
- Fees to rent space for company gatherings, offsites
- Cost of hosting charitable events and meals for the general public
- Meals provided to the public as a means of advertising
If you have other questions about this, ask in the comment section below.
