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Is there an M-1 for Exempt organizations?
I have non-deductible meals for an exempt organ but if I enter at 50% then the net assets is off. Where is the M-1 for exempt organizations?
sjrcpaAnswer
Level 15
December 7, 2019
On the 990 or 990 PF you enter 100% of the meals. The 50% cut doesn't apply. The 990-T has an M-1.
The more I know the more I don’t know.
