Holiday party deduction

[michaelruns26.2]

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"? 

[DDollar · Accepted solution]

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.