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Investors & landlords
You can deduct 50% of meal expenses related to your rental property.
When you are working on the Schedule E Rental Income and Expenses section of your return, go to the Expenses area and enter 50% of your total meal expenses as part of the travel expenses.
Use the following steps to go directly to the Schedule E part of your return:
- On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
- This opens a box where you can type in “schedule e” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
- The search results will give you an option to “Jump to schedule e”
- Click on the blue “Jump to schedule e” link
June 4, 2019
2:23 PM
11,774 Views