Discussion:Business Meal Reimbursement- reported on 1099
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Discussion Forum Index --> Tax Questions --> Business Meal Reimbursement- reported on 1099
| 8 February 2008 | |
| IC gets reimbursed for business meals and is included as nonemployee compensation on 1099. I want to verify IC can only deduct 50% on Schedule C, or is there something that allows him to deduct all of it? | |
Death&Taxes (talk|edits) said: | 8 February 2008 |
| Publication 463, Page 32 discusses this obliquely. It would seem the payer suffers the 50% disallowance if your person separately itemized for these meals. What I often do is enter 'Reimbursed Expenses included in 1099" on either Line 2 or Line 48. | |
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