TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Question

Meals for Ranch Help

1 reply
42 views

I own a ranch and provide meals for the independent contractors. ( $2500 for the season).

Do I list this under misc. expenses as catering or under supplies? Does this follow the 2024 rule of 100% or 50% deduction?

Thanks,

Cordelia

Alumni - Intuit

Currently, meals are back to the 50% allowable deduction. Meals are listed in lines 32a through 32f of Schedule F, under all other ordinary expenses.

To go back to your Schedule F:

Go to the Wages & income section
Select Farm Income and Farm Rental
In the Tell Us About Your Farm or Farm Rental Income, make sure to select all the types of income you received

IRS Schedule F Instructions

What is Schedule F: Profit or Loss from Farming