Question
Fed/Cal Differences for Meals Expense
I'm currently working on a 1065 return for a rental property which includes meals expense, and according to the IRS, meals are currently 100% deductible for Federal tax purposes. This is great, however, California does not conform to the bonus deduction.
So now I am trying to show a difference between Fed/Cal for the meals expense, however, I cannot get the California adjustments to show up correctly on California 568 Schedule K Line 2. I need to be able to adjust the amount of the meals expense on the California 8825 to show only half of the meals expense in order for my book and taxable income to tie out.
Does anybody know how to change the meals expense on the California 8825 without changing the expense on the Federal 8825?
