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New Member
posted Jun 5, 2019 10:56:39 PM

For a real estate agent, do i deduct 50% off meals or does turbotax generate that for me?

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New Member
Jun 5, 2019 10:56:40 PM

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)