Question

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.

Employee

This is a business expense under:

Meals (50% limit) These expenses are 50% deductible.

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.