IRS Form 1040 2018 Schedule E - Supplemental Income and Loss

What Is IRS Form 1040 Schedule E?

IRS Form 1040 Schedule E, Supplemental Income and Loss is the document you fill out to inform the Internal Revenue Service (IRS) about the income and loss you experience from royalties, rental real estate, estates, trusts, S corporations, partnerships, and residual interests in the real estate investment conduits (REMICs). The form is regularly used by homeowners calculating tax deductions for the property they rent out. It allows them to write off different types of expenses connected with real estate renting and avoid paying extra taxes.

The schedule - also known as the supplemental income and loss form - was issued by the IRS and is revised annually. You can download the up-to-date fillable version of IRS Form 1040 Schedule E through the link below.

This form is a part of the IRS 1040 forms. The series was designed to provide the taxpayers with a convenient way to report the IRS different ways of taxable income and losses.

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SCHEDULE E
Supplemental Income and Loss
OMB No. 1545-0074
(Form 1040)
2018
(From rental real estate, royalties, partnerships, S corporations, estates, trusts, REMICs, etc.)
Attach to Form 1040, 1040NR, or Form 1041.
Department of the Treasury
Attachment
13
Go to www.irs.gov/ScheduleE for instructions and the latest information.
Internal Revenue Service (99)
Sequence No.
Your social security number
Name(s) shown on return
Part I
Income or Loss From Rental Real Estate and Royalties
Note: If you are in the business of renting personal property, use
Schedule C or C-EZ (see instructions). If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40.
A Did you make any payments in 2018 that would require you to file Form(s) 1099? (see instructions) .
Yes
No
.
.
.
.
B If “Yes,” did you or will you file required Forms 1099?
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Yes
No
1a
Physical address of each property (street, city, state, ZIP code)
A
B
C
Fair Rental
Personal Use
1b
2
Type of Property
For each rental real estate property listed
QJV
above, report the number of fair rental and
Days
Days
(from list below)
personal use days. Check the QJV box
A
A
only if you meet the requirements to file as
a qualified joint venture. See instructions.
B
B
C
C
Type of Property:
1 Single Family Residence
3 Vacation/Short-Term Rental
5 Land
7 Self-Rental
2 Multi-Family Residence
4 Commercial
6 Royalties
8 Other (describe)
Income:
Properties:
A
B
C
3
Rents received .
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3
4
4
Royalties received .
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Expenses:
5
Advertising
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5
6
Auto and travel (see instructions) .
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6
7
7
Cleaning and maintenance .
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8
Commissions.
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8
9
Insurance .
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9
10
10
Legal and other professional fees .
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11
Management fees .
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11
12
Mortgage interest paid to banks, etc. (see instructions)
12
13
13
Other interest.
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14
Repairs.
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14
15
Supplies .
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15
16
Taxes .
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16
17
17
Utilities .
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18
Depreciation expense or depletion
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18
Other (list)
19
19
20
20
Total expenses. Add lines 5 through 19 .
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21
Subtract line 20 from line 3 (rents) and/or 4 (royalties). If
result is a (loss), see instructions to find out if you must
file Form 6198 .
21
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Deductible rental real estate loss after limitation, if any,
22
on Form 8582 (see instructions)
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22
(
) (
) (
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23a Total of all amounts reported on line 3 for all rental properties
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23a
b Total of all amounts reported on line 4 for all royalty properties .
23b
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c Total of all amounts reported on line 12 for all properties
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23c
d Total of all amounts reported on line 18 for all properties
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23d
e Total of all amounts reported on line 20 for all properties
23e
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24
Income. Add positive amounts shown on line 21. Do not include any losses
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24
25
Losses. Add royalty losses from line 21 and rental real estate losses from line 22. Enter total losses here .
25
(
)
26
Total rental real estate and royalty income or (loss). Combine lines 24 and 25. Enter the result
here. If Parts II, III, IV, and line 40 on page 2 do not apply to you, also enter this amount on
Schedule 1 (Form 1040), line 17, or Form 1040NR, line 18. Otherwise, include this amount in the
26
total on line 41 on page 2 .
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For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11344L
Schedule E (Form 1040) 2018
SCHEDULE E
Supplemental Income and Loss
OMB No. 1545-0074
(Form 1040)
2018
(From rental real estate, royalties, partnerships, S corporations, estates, trusts, REMICs, etc.)
Attach to Form 1040, 1040NR, or Form 1041.
Department of the Treasury
Attachment
13
Go to www.irs.gov/ScheduleE for instructions and the latest information.
Internal Revenue Service (99)
Sequence No.
Your social security number
Name(s) shown on return
Part I
Income or Loss From Rental Real Estate and Royalties
Note: If you are in the business of renting personal property, use
Schedule C or C-EZ (see instructions). If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40.
A Did you make any payments in 2018 that would require you to file Form(s) 1099? (see instructions) .
Yes
No
.
.
.
.
B If “Yes,” did you or will you file required Forms 1099?
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Yes
No
1a
Physical address of each property (street, city, state, ZIP code)
A
B
C
Fair Rental
Personal Use
1b
2
Type of Property
For each rental real estate property listed
QJV
above, report the number of fair rental and
Days
Days
(from list below)
personal use days. Check the QJV box
A
A
only if you meet the requirements to file as
a qualified joint venture. See instructions.
B
B
C
C
Type of Property:
1 Single Family Residence
3 Vacation/Short-Term Rental
5 Land
7 Self-Rental
2 Multi-Family Residence
4 Commercial
6 Royalties
8 Other (describe)
Income:
Properties:
A
B
C
3
Rents received .
.
.
.
.
.
.
.
.
.
.
.
.
3
4
4
Royalties received .
.
.
.
.
.
.
.
.
.
.
.
Expenses:
5
Advertising
.
.
.
.
.
.
.
.
.
.
.
.
.
.
5
6
Auto and travel (see instructions) .
.
.
.
.
.
.
6
7
7
Cleaning and maintenance .
.
.
.
.
.
.
.
.
8
Commissions.
.
.
.
.
.
.
.
.
.
.
.
.
.
8
9
Insurance .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
9
10
10
Legal and other professional fees .
.
.
.
.
.
.
11
Management fees .
.
.
.
.
.
.
.
.
.
.
.
11
12
Mortgage interest paid to banks, etc. (see instructions)
12
13
13
Other interest.
.
.
.
.
.
.
.
.
.
.
.
.
.
14
Repairs.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
14
15
Supplies .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
15
16
Taxes .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
16
17
17
Utilities .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
18
Depreciation expense or depletion
.
.
.
.
.
.
18
Other (list)
19
19
20
20
Total expenses. Add lines 5 through 19 .
.
.
.
.
21
Subtract line 20 from line 3 (rents) and/or 4 (royalties). If
result is a (loss), see instructions to find out if you must
file Form 6198 .
21
.
.
.
.
.
.
.
.
.
.
.
.
Deductible rental real estate loss after limitation, if any,
22
on Form 8582 (see instructions)
.
.
.
.
.
.
.
22
(
) (
) (
)
23a Total of all amounts reported on line 3 for all rental properties
.
.
.
.
23a
b Total of all amounts reported on line 4 for all royalty properties .
23b
.
.
.
c Total of all amounts reported on line 12 for all properties
.
.
.
.
.
.
23c
d Total of all amounts reported on line 18 for all properties
.
.
.
.
.
.
23d
e Total of all amounts reported on line 20 for all properties
23e
.
.
.
.
.
.
24
Income. Add positive amounts shown on line 21. Do not include any losses
.
.
.
.
.
.
.
24
25
Losses. Add royalty losses from line 21 and rental real estate losses from line 22. Enter total losses here .
25
(
)
26
Total rental real estate and royalty income or (loss). Combine lines 24 and 25. Enter the result
here. If Parts II, III, IV, and line 40 on page 2 do not apply to you, also enter this amount on
Schedule 1 (Form 1040), line 17, or Form 1040NR, line 18. Otherwise, include this amount in the
26
total on line 41 on page 2 .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11344L
Schedule E (Form 1040) 2018
13
2
Schedule E (Form 1040) 2018
Attachment Sequence No.
Page
Name(s) shown on return. Do not enter name and social security number if shown on other side.
Your social security number
Caution: The IRS compares amounts reported on your tax return with amounts shown on Schedule(s) K-1.
Part II
Income or Loss From Partnerships and S Corporations
— Note: If you report a loss, receive a distribution, dispose of
stock, or receive a loan repayment from an S corporation, you must check the box in column (e) on line 28 and attach the required basis
computation. If you report a loss from an at-risk activity for which any amount is not at risk, you must check the box in column (f) on
line 28 and attach Form 6198 (see instructions).
27
Are you reporting any loss not allowed in a prior year due to the at-risk, excess farm loss, or basis limitations, a prior year
unallowed loss from a passive activity (if that loss was not reported on Form 8582), or unreimbursed partnership expenses? If
Yes
No
you answered “Yes,” see instructions before completing this section .
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(b) Enter P for
(c) Check if
(f) Check if
(d) Employer
(e) Check if
28
(a) Name
any amount is
partnership; S
foreign
identification
basis computation
not at risk
for S corporation
partnership
number
is required
A
B
C
D
Passive Income and Loss
Nonpassive Income and Loss
(g) Passive loss allowed
(h) Passive income
(i) Nonpassive loss
(j) Section 179 expense
(k) Nonpassive income
(attach Form 8582 if required)
from Schedule K-1
from Schedule K-1
deduction from Form 4562
from Schedule K-1
A
B
C
D
29a Totals
b Totals
30
30
Add columns (h) and (k) of line 29a.
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31
Add columns (g), (i), and (j) of line 29b.
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31
(
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32
Total partnership and S corporation income or (loss). Combine lines 30 and 31
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32
Part III
Income or Loss From Estates and Trusts
(b) Employer
33
(a) Name
identification number
A
B
Passive Income and Loss
Nonpassive Income and Loss
(c) Passive deduction or loss allowed
(d) Passive income
(e) Deduction or loss
(f) Other income from
(attach Form 8582 if required)
from Schedule K-1
from Schedule K-1
Schedule K-1
A
B
34a Totals
b Totals
35
Add columns (d) and (f) of line 34a
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35
36
36
Add columns (c) and (e) of line 34b
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(
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37
Total estate and trust income or (loss). Combine lines 35 and 36 .
37
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Part IV
Income or Loss From Real Estate Mortgage Investment Conduits (REMICs)—Residual Holder
(c) Excess inclusion from
(b) Employer identification
(d) Taxable income (net loss)
(e) Income from
38
(a) Name
Schedules Q, line 2c
number
from Schedules Q, line 1b
Schedules Q, line 3b
(see instructions)
39
39
Combine columns (d) and (e) only. Enter the result here and include in the total on line 41 below
Part V
Summary
40
Net farm rental income or (loss) from Form 4835. Also, complete line 42 below .
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40
41
Total income or (loss). Combine lines 26, 32, 37, 39, and 40. Enter the result here and on Schedule 1 (Form 1040), line 17, or Form 1040NR, line 18
41
42
Reconciliation of farming and fishing income. Enter your gross
farming and fishing income reported on Form 4835, line 7; Schedule K-1
(Form 1065), box 14, code B; Schedule K-1 (Form 1120S), box 17, code
AC; and Schedule K-1 (Form 1041), box 14, code F (see instructions)
.
42
43
Reconciliation for real estate professionals. If you were a real estate
professional (see instructions), enter the net income or (loss) you reported
anywhere on Form 1040 or Form 1040NR from all rental real estate activities
43
in which you materially participated under the passive activity loss rules .
.
Schedule E (Form 1040) 2018

Download IRS Form 1040 2018 Schedule E - Supplemental Income and Loss

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IRS Form 1040 Schedule E Instructions

Submit the form with IRS Form 1040, IRS Form 1040NR, or IRS Form 1041. If you file this schedule with Form 1041, enter the employer identification number of your estate or trust in "Your Social Security Number" field.

Step-by-step instructions are as follows:

  1. Part I. Income or Loss from Rental Real Estate and Royalties. Use this part to report your royalty income and expenses, as well as income and expenses from rental real estate. Estates and trusts may also use this part to report farm rental income and expenses;
  2. Part II. Income or Loss from Partnership and S Corporations. Report your share of income or loss from partnership or S corporation. Your partnership or corporation should provide you with Schedule K-1 (Form 1065), as well as with the instructions that will help you to determine how to report your share of the items properly;
  3. Part III. Income or Loss from Estates and Trusts. Indicate your share of the income or loss from the estate or trust if you are a beneficiary of any. Use the information from Schedule K-1 and instructions you will receive from the fiduciary to complete this part properly. Do not attach the schedule you receive to this form. It is intended for your records only;
  4. Part IV. Income or Loss from Real Estate Mortgage Investment Conduits (REMICs) - Residual Holder. Fill out this part with the information from Schedule Q (Form 1066) you will receive from the REMIC if you are the holder of a residual interest;
  5. Part V. Summary. Self-explanatory.

The IRS issues official Instructions for Schedule E (Form 1040) containing the detailed guidelines and explanations to help with filing. Check them if you need any additional information.

Keep all records that may be required to substantiate the information you provided on Schedule E. The IRS may ask you to explain and prove the reported items if during the examination of your tax report any questions arise. Keeping records will help you to answer all questions fast and with minimal efforts. Otherwise, you will have to spend time trying to collect them. Note that inability to provide the IRS with the records they require may result in additional tax amounts. You may have to pay penalties as well.

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