How to deduct my grocery purchased used in the catering business

Hi:

I am running a catering business from home where people order food and either get delivered or take out. Obviously, I have to buy the ingredients like vegetables, groceries, packing supplies for take out orders etc etc. How and where should I claim these expenses. Appreciate a response and point me to which section of TT product do I enter in the Business section.

By the way, I am listing the Platform as "I Don't Know" not because I really don't know but because my Mac platform is not listed!!!

1743

Expert Alumni

Apr 27, 2020 1:39:38 PM

You could enter your expenses under Supplies or as a Miscellaneous Business Expense where you can enter your own description and amount. Either of these categories are found under the Schedule C Expenses section.

@sastryh

Level 2

Apr 27, 2020 2:17:59 PM

Hi Annette:

Thanks for that response. Isn’t there a max limit of $500 under these? Is the limit for each line item or all together under miscellaneous expenses?

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How to deduct my grocery purchased used in the catering business