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business expense question on turbo tax

Posted on 3/9/13 at 1:55 pm
Posted by dallastiger55
Jennings, LA
Member since Jan 2010
27606 posts
Posted on 3/9/13 at 1:55 pm
ive come to this question and im not sure what its asking


Did your employer keep meal and entertainment reimbursements separate from your other job-related expenses?


when i click yes it adds over 1k to my return
Posted by LSURussian
Member since Feb 2005
126824 posts
Posted on 3/9/13 at 2:13 pm to
So what is your question?
Posted by dallastiger55
Jennings, LA
Member since Jan 2010
27606 posts
Posted on 3/9/13 at 2:17 pm to
so is it asking if i had a company credit card?

why would it add so much to my return if i said yes?

i paid everything out of pocket and then my company reimbursed me on a seperate expense report for all meals and miles, etc
Posted by LSURussian
Member since Feb 2005
126824 posts
Posted on 3/9/13 at 2:22 pm to
quote:

so is it asking if i had a company credit card

No.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 3/9/13 at 5:30 pm to
But TurboTax is so easy to use. Why would anyone need a CPA?

If you answered yes, then TurboTax treats your meals and entertainment expensess as having been reimbursed, and you are not entitled to a deduction for them. The form you are completing, Form 2106, determines your deduction for unreimbursed employee business expenses.
Posted by Gmorgan4982
Member since May 2005
101750 posts
Posted on 3/9/13 at 6:09 pm to
quote:

But TurboTax is so easy to use. Why would anyone need a CPA?


Just claim your full per diem rate and ignore that your employer reimbursed anything. What could go wrong?
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