Holiday party deduction

michaelruns26.2 — Tue, 04 Jun 2019 20:39:57 GMT

I am an employer and sponsored holiday party for my employees and their spouses. I believe this is 100% deductable. Do I enter this in Schedule E under "other"?

I agree it is 100% deductible, but you would not report i...

DDollar — Tue, 04 Jun 2019 20:39:58 GMT

I agree it is 100% deductible, but you would not report it on Schedule E, which is used to report income or loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs. If you are self-employed, report on Schedule C as other. Treat similarly (as other) if you are filing Form 1065 or Form 1120S.

topic Holiday party deduction in Deductions & credits

Holiday party deduction

I agree it is 100% deductible, but you would not report i...