Questions regarding Schedule C tax deductions categories for group travel business
Hello, I am the owner in a single-member LLC that is a small group travel business. I plan and execute small group tours in various international destinations across Europe, Africa and Asia, and offer a close to "all-inclusive" price package experience that includes all meals, lodging, activities, and transportation. I plan the trip and I am the guide on the trip. On Schedule C form where I have to categorize my expenses, I'm wondering how to categorize the expenses that I have for these trips (as the meals are part of the "trip package" that I see, I assume they should be 100% deductible expenses rather than 50%. Would I just lump all of the travel expenses for these trips into the "Travel" category rather than separating into "Meals" ? Please advise and thank you so much for your help!!
