I travel 80 Miles round trip to my rentals (not overnight travel)
I usually pay meals for people who work for me that day. Is this deductible expense?
Thanks
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The meal expenses that you mention are not likely allowable as they are not normal or necessary for the generation of your rental income. Also, the meals would only be 50% deductible under any circumstances, so they are probably not worth the risk of generating an audit.
The meal expenses that you mention are not likely allowable as they are not normal or necessary for the generation of your rental income. Also, the meals would only be 50% deductible under any circumstances, so they are probably not worth the risk of generating an audit.
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