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Entering meals and entertainment expenses in ProSeries
by Intuit•1• Updated 1 week ago
When entering meals & entertainment expenses, enter the total amount before any limitations have been applied.
ProSeries will automatically calculate the allowable deduction based on the stated limitation.
To enter the meals & entertainment expenses on Schedule C:
- Press F6 on your keyboard to bring up Open Forms.
- Type in "C" and press Enter to open Schedule C.
- Scroll down to the Part II - Expenses section.
- Enter meals & entertainment expenses on line 24b according to the limits listed.
To enter the meals & entertainment expenses on Form 1065:
- Go to Form 1065 p.1-3.
- Scroll down to the Meals & Entertainment Smart Worksheet.
To enter the meals & entertainment expenses on Form 1120:
- Go to Form 1120 p.1-2.
- Scroll down to the Meals & Entertainment Smart Worksheet.
- Enter meals & entertainment expenses on lines A-D according to the limits listed.
- The allowable percentage of your entries will transfer to line 26.
To enter the meals & entertainment expenses on Form 1120-S:
- Go to the Other Deductions Worksheet.
- Enter meals & entertainment expenses on lines A-D according to the limits listed.
- The allowable percentage of your entries will transfer to line 20 as Other Deduction on the 1120-S page 1.
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