Due to a large home repair, my builder is offering me $150 per diem for meals OR reimbursement daily limit of $150. If I take the per diem, he advised I would get a 1099. This is less than the federal rates for my area. I would rather not deal with the hassle of collecting itemized receipts and waiting for the reimbursement. How should I handle this on taxes? If I net out zero, I would prefer the per diem. I am retired so quite a simple return. Thank you!
