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Level 1
February 1, 2023
Question

Simplified method for lodging

  • February 1, 2023
  • 1 reply
  • 2 views

Does a simplified method exists for lodging expense for earning "business' income"?  I see the simplified method for travel which includes km rate and daily meal rate but nothing for lodging

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1 reply

Level 7
February 2, 2023

No, there is no such thing.  Also, the KM rate and daily meal rates are for moving and medical expenses - business expenses require tracking of actual meal cost, supported by receipts, and a vehicle log to allocate vehicle expenses actually incurred.