business expense question on turbo tax | TigerDroppings.com

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dallastiger55
LSU Fan
Jennings, LA
Member since Jan 2010
5433 posts

business expense question on turbo tax



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







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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84459 posts
 Online 

re: business expense question on turbo tax


So what is your question?





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dallastiger55
LSU Fan
Jennings, LA
Member since Jan 2010
5433 posts

re: business expense question on turbo tax


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






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
84459 posts
 Online 

re: business expense question on turbo tax


quote:

so is it asking if i had a company credit card

No.






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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
15768 posts

re: business expense question on turbo tax


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.






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Gmorgan4982
LSU Fan
Member since May 2005
100962 posts

re: business expense question on turbo tax


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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