conditionalPersonal expenses
Personal travel and meals
Travel, meals and entertainment that were personal in nature but run through the business.
Rule
Add back only amounts the owner identifies as personal with supporting detail. Blanket percentages are routinely rejected.
Evidence lenders expect
- Credit card statements with annotations
- Owner attestation
Worked example
As reported
Travel & meals $24,600
In the memo
Documented personal $9,100 added back
The objection you will hear
A round-number estimate with no transaction detail.
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