- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
For a real estate agent, do i deduct 50% off meals or does turbotax generate that for me?
Topics:
posted
June 5, 2019
10:56 PM
last updated
June 05, 2019
10:56 PM
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
For a real estate agent, do i deduct 50% off meals or does turbotax generate that for me?
Yes. If you are self-employed, TurboTax will calculate the 50% reduction related to the business meal expenses when you enter your meal and entertainment expenses. Therefore you should enter the full amount of meals and entertainment when inputting this information into TurboTax under the business income and expenses section. (screenshot)
June 5, 2019
10:56 PM
Still have questions?
Make a post