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.