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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?
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June 3, 2019
12:16 PM
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Business & farm
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.
June 3, 2019
12:16 PM