Hi,
I have received a 1099-NEC form and I have business meals to deduct. I asked a Tax expert of under which categories I should put these business meals under. You should know that I don't give out W2s to employees simply because I don't have any.
Category 1: 100% deductible
Category 2: 50% deductible
The answer that the tax expert gave me is that it should be under 50% as they are business meals in restaurants. HOWEVER, TurboTax says something different. It mentions under see more example page that
"For tax years 2021 and 2022, there's a temporary 100% deduction for business meals purchased from restaurants".
Does that mean I can still claim these expense as 100% deductible or this does not apply to me?
