Hello,
Im self employed and last year (before coronavirus) I travelled to increase my education and make myself more marketable in my profession. One part of my business trip was all inclusive and I’m not sure how to categorize it when filing my taxes. I paid one lump sum and that coved lodging, breakfast, dinner, educational lectures, and even some travel for relevant off site events. Do I have to break up the lump sum I paid to the best of my ability if they can’t provide me with an itemized breakdown of expenses?
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As long as the trip was 100% business related and not personal, I would put the total expense under travel. You can't separate out meals since it was all-inclusive.
Make sure you keep your receipts and documentation of the expenses.
Thank you for the response. I really appreciate it!
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