Schedule E (Supplemental Income and Loss)
The federal tax form for reporting rental real estate income, royalties, and pass-through income from partnerships, S corporations, estates, and trusts.
Detailed Explanation
Schedule E reports rental property income and expenses (depreciation, mortgage interest, repairs, property tax, insurance, professional fees) for each property. Rental losses are subject to passive activity loss rules; up to $25,000 of losses can be deducted by active participants with AGI below $100,000, fully phased out at $150,000. Real estate professionals (per IRC Section 469(c)(7)) can deduct rental losses against ordinary income with no phaseout.
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Learn about Individual Tax PreparationRelated Terms
Form 1040 (US Individual Income Tax Return)
The annual federal income tax return filed by US citizens and resident aliens to report income, deductions, credits, and tax liability.
Schedule K-1
A tax document issued by partnerships, S corporations, estates, and trusts to report each owner's share of income, deductions, credits, and other tax items.
Depreciation
The deduction of the cost of a tangible business asset over its useful life, reflecting wear, tear, or obsolescence.
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