Per Diem Calculation
I apologize if this has been addressed already, but after searching the forums I did not find a suitable answer.
When calculating per diem for tax purposes, how does one use the rates for each city and how does one apply the 75% rule for first and last days? For example, let's say I'm MSP based on a 4 day.
Day 1 - Leave MSP, overnight MKE.
Day 2 - Leave MKE, overnight MCO.
Day 3 - Leave MCO, overnight ATL.
Day 4 - Leave ATL, arrive MSP.
If rates for these cities are (I'm making this up):
MSP - $30
MKE - $40
MCO - $50
ATL - $60
What numbers would I put together to come up with my "how much the IRS thinks I would have spent" number?
Note: I know there are a lot of great per diem services out there, and I'll probably use one however this is more for my curiosity.