As a touring musician, I used the standard per diem rate to deduct for meals while on tour, in a recent audit they said we may only deduct 50% of the standard rate. Help

posted

Connect with an expert

1 Reply

As a touring musician, I used the standard per diem rate to deduct for meals while on tour, in a recent audit they said we may only deduct 50% of the standard rate. Help

That is correct. If you had entered the expenses under "meals", TurboTax should have only deducted 50%.
https://www.irs.gov/publications/p463/ch01.html#en_US_2015_publink100033781

Does that answer your question? Or is there something else that you needed to know?

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post