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?
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1 Best answer
DoninGA
Level 15
Jan 7, 2025 1:42:46 PM
Enter the total of your meal expenses, the program will calculate the 50% limit and enter that amount on your Schedule C.
1 Replies
DoninGA
Level 15
Jan 7, 2025 1:42:46 PM
Enter the total of your meal expenses, the program will calculate the 50% limit and enter that amount on your Schedule C.