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Meals-celebratory - where do I record this in tubro tax?

Trying to figure out where in turbo tax do I report the business cost of a celebratory meal for employees.

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1 Reply
Cindy0H
New Member

Meals-celebratory - where do I record this in tubro tax?

This is a business expense under: 

  • Other Common Business Expenses...update
  • Meals...update or start
Meals (50% limit) These expenses are 50% deductible. 
  • Meals during business travel
  • Office snacks
  • Meals at a seminar or conference
  • Meals while conducting business
  • Other meals expense
  • While most meal expenses for business are only 50% deductible, there are a few exceptions to this rule that are fully (100%) deductible. We ask for these expenses after you enter meal expenses that are 50% deductible.

    Examples include:
     - Company parties, picnics, team-building offsites, outings for all employees
     - Fees to rent space for company gatherings, offsites
     - Cost of hosting charitable events and meals for the general public
     - Meals provided to the public as a means of advertising
     

If you have other questions about this, ask in the comment section below.

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