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The TCJA: a. Completely eliminates all deductions for business related food and beverage and meal...

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Accounting

The TCJA: a. Completely eliminates all deductions for business related food and beverage and meal expenses, b. Completely eliminates all deductions for business related entertainment expenses, c. Still allows 50% deductions for meals while away from home on business, d. Still allows 50% deductions for entertainment facility costs, as long as the entertainment is business related.

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