Accounting for Meals on Schedule E

Now that the IRS has reinstated the 50% limit on claiming meals for business travel, would be nice if Stessa accounted for this when generating the Schedule E report. It still places 100% of meals on the “Auto and Travel” line in the Schedule E. Not good for passing to the CPA.

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Agreed! There needs to be 2 separate “Meals” categories. One for Travel-Meals, which Stessa should adjust to the 50% limit on the Schedule E; and separately Admin-Meals for business meals which are still 100% deductible.