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mike54
New Member

Adding up business expenses doesn't equal the sum of the individual sections.

If I sum up the individual deductions such as Advertising, Business Travel, etc... it doesn't add up to the amount on the summary page for deductions. Why doesn't it? It's off by about 17 dollars which is more than any rounding errors.
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Adding up business expenses doesn't equal the sum of the individual sections.

So  you found it ok?

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mike54
New Member

Adding up business expenses doesn't equal the sum of the individual sections.

The difference was due to meals being deducted at 50% of the value so my total values didn't equal the sum shown from TurboTax

Adding up business expenses doesn't equal the sum of the individual sections.

So  you found it ok?

mike54
New Member

Adding up business expenses doesn't equal the sum of the individual sections.

Yes - my expenses totaled more than Turbo Tax as TurboTax multiplied my meal expenses at 50% reducing the expenses.  Had the meal expenses been qualified at 100% deductible then it would have directly matched my expenses.
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