hmosbergea
Level 3
12-07-2019
09:29 AM
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4 related individuals each own 25% of a Sch. E rental.
1)They have lunch meetings to discuss rental activities: repairs, bills, etc. throughout year.
2)They have lunch meetings to discuss sale of rental, and sign escrow papers.
What percent (if any) of food expense is deductible as a rental expense for either 1 or 2 or both?
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