- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Your meals would be in the 50% deduction category. In your case, you would enter the total amount of the meals and TurboTax do the math.
100% deduction is for:
- Meal expenses for a company picnic or holiday party
- Food made available to the public for free
- Reimbursed expenses to employees and contractors that is included on the W-2 or Form 1099 as taxable compensation
- Meal expenses that are sold to a client or customer, like providing meals as part of a daycare service
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 17, 2020
1:30 PM
886 Views