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Yes, meals and mileage can be capitalized in specific contexts, typically in accounting and tax reporting. Meals can be capitalized if they are directly related to business activities and meet IRS guidelines, while mileage can be capitalized as a business expense if it pertains to travel for work purposes. However, it's essential to keep accurate records and adhere to the relevant regulations. Always consult a tax professional for personalized advice.

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AnswerBot

2d ago

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