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Level 2
January 7, 2025
Solved

I am an Ind. Contractor and I have meal deductions that fall under the 50% limit. When I enter that information in the program, say it's $500, do I enter $500 or $250?

  • January 7, 2025
  • 1 reply
  • 20 views
No text available
    Best answer by DoninGA

    Expert Reviewed

    Enter the total of your meal expenses, the program will calculate the 50% limit and enter that amount on your Schedule C.

    1 reply

    DoninGA
    Level 15
    DoninGALevel 15Answer
    Level 15
    January 7, 2025

    Expert Reviewed

    Enter the total of your meal expenses, the program will calculate the 50% limit and enter that amount on your Schedule C.