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April 16, 2022
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claiming meals with clients

  • April 16, 2022
  • 1 reply
  • 0 views

Where on TurboTax  Home & Business, under Let's write off some business expenses do I claim meals associated with my Real Estate Business? 

Best answer by KrisD15

Desktop has restaurant meals (100% deduction) listed separately from meals. 

Online has both in the same section under meals while traveling. 

 

"Beginning January 1, 2021, through December 31, 2022, businesses can claim 100% of their food or beverage expenses paid to restaurants as long as the business owner (or an employee of the business) is present when food or beverages are provided and the expense is not lavish or extravagant under the circumstances."

 

IRS source 

 

1 reply

ColeenD3
April 16, 2022

What type of RE business? Are you a realtor? An RE professional? In what context are your business meals?

zjse02Author
April 16, 2022

I am a Residual Broker, Realtor and profesional. Taking out clients to breakfast, lunch and Dinners at Restaurants (examples McDonalds to high end Steakhouses) I think  found Meals (Meals while Traveling- has both 50% coverage and 100%) on TruboTax Home & Business. 

KrisD15
KrisD15Answer
April 16, 2022

Desktop has restaurant meals (100% deduction) listed separately from meals. 

Online has both in the same section under meals while traveling. 

 

"Beginning January 1, 2021, through December 31, 2022, businesses can claim 100% of their food or beverage expenses paid to restaurants as long as the business owner (or an employee of the business) is present when food or beverages are provided and the expense is not lavish or extravagant under the circumstances."

 

IRS source 

 

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