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January 31, 2022
Question

What type of expense for someone self employed is a networking meeting that includes food?

  • January 31, 2022
  • 1 reply
  • 0 views
I don't know where to list it, under "meals" or "professional fees".  It is paid to a chamber of commerce, not the restaurant directly.

1 reply

ColeenD3
January 31, 2022

Business meals with clients or potential clients are deductible but only 50%.

 

Enter your meals expenses that are subject to the 50% limitation on line 24b: "Subject to 50% limit."