3415740
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

I am an Ind. Contractor and I have meal deductions that fall under the 50% limit. When I enter that information in the program, say it's $500, do I enter $500 or $250?

 
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 Best answer

Accepted Solutions
DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I am an Ind. Contractor and I have meal deductions that fall under the 50% limit. When I enter that information in the program, say it's $500, do I enter $500 or $250?

Enter the total of your meal expenses, the program will calculate the 50% limit and enter that amount on your Schedule C.

View solution in original post

1 Reply
DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I am an Ind. Contractor and I have meal deductions that fall under the 50% limit. When I enter that information in the program, say it's $500, do I enter $500 or $250?

Enter the total of your meal expenses, the program will calculate the 50% limit and enter that amount on your Schedule C.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question