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What are the tax-deductible meals and entertainment expenses

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Problem - Grace is a self-employed sales consultant who spends significant time entertaining potential customers. She keeps all the appropriate records to substantiate her entertainment. She has the following expenses in the current year:

Meals where business was conducted $5,000

Greens fees (all business) 500

Tickets to baseball games (all business) 500

Country Club dues (all business use) 6,000

What are the tax-deductible meals and entertainment expenses Grace may claim in the current year? On which tax form should she claim the deduction?

Reference no: EM132705393

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