turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can I deduct the cost of groceries I purchased for a catering event if I charged the client by the head, and included the grocery cost in that fee?

I have a business tax question. I started a personal chef business at the start of this year. I do in-home meal prep and events. For events I charge by the head. I determine this cost based on how much I anticipate for groceries and labor and travel. All my fees are determined purely on speculation, which I know is a weird way to do it, but it works for me, haha. My question is, if I am not directly having the client reimburse me for the groceries, would those groceries then be considered a business expense and be write-offable? (Definitely a word) Let me know your thoughts!
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Can I deduct the cost of groceries I purchased for a catering event if I charged the client by the head, and included the grocery cost in that fee?

Yes.  You enter the total income you received and you can then enter all your expenses (even those you were reimbursed for).  So groceries would go under Supplies.  

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question