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Level 2
posted Jun 4, 2019 1:39:57 PM

Holiday party deduction

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"? 

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1 Best answer
Expert Alumni
Jun 4, 2019 1:39:58 PM

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.


1 Replies
Expert Alumni
Jun 4, 2019 1:39:58 PM

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.