Schedule E (1040) Supplemental Income and Loss

SCHEDULE E
(Form 1040)
Department of the Treasury
Internal Revenue Service (99)

OMB No. 1545-0074

Supplemental Income and Loss

2008

(From rental real estate, royalties, partnerships,
S corporations, estates, trusts, REMICs, etc.)
©

Attach to Form 1040, 1040NR, or Form 1041.

©

See Instructions for Schedule E (Form 1040).

Name(s) shown on return

Part I

13

Your social security number

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 page E-3). If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40.

1 List the type and address of each rental real estate property:
A
B
C

Income:
3
4

Attachment
Sequence No.

Rents received
Royalties received

A

2 For each rental real estate property
listed on line 1, did you or your family
use it during the tax year for personal
purposes for more than the greater of:
● 14 days or
● 10% of the total days rented at
fair rental value?
(See page E-3)

Properties
B

Yes No
A
B
C
Totals

(Add columns A, B, and C.)

C

3
4

3
4

Expenses:
5
6
7
8
9
10
11
12
13
14
15
16
17
18

Advertising
Auto and travel (see page E-4)
Cleaning and maintenance
Commissions
Insurance
Legal and other professional fees
Management fees
Mortgage interest paid to banks,
etc. (see page E-5)
Other interest
Repairs
Supplies
Taxes
Utilities
Other (list) ©

5
6
7
8
9
10
11
12
13
14
15
16
17

12

18

19
20
21
22

23

24
25
26

Add lines 5 through 18

19

19

Depreciation expense or depletion
20
(see page E-5)
Total expenses. Add lines 19 and 20 21
Income or (loss) from rental real
estate or royalty properties.
Subtract line 21 from line 3 (rents)
or line 4 (royalties). If the result is a
(loss), see page E-5 to find out if
22
you must file Form 6198
Deductible rental real estate loss.
Caution. Your rental real estate
loss on line 22 may be limited. See
page E-5 to find out if you must
file Form 8582. Real estate
professionals must complete line
) (
) (
23 (
43 on page 2
Income. Add positive amounts shown on line 22. Do not include any losses
Losses. Add royalty losses from line 22 and rental real estate losses from line 23. Enter total losses here.
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 Form 1040,
line 17, or Form 1040NR, line 18. Otherwise, include this amount in the total on line 41 on page 2

For Paperwork Reduction Act Notice, see page E-8 of the instructions.

Cat. No. 11344L

20

)
24
25 (

)

26
Schedule E (Form 1040) 2008

Schedule E (Form 1040) 2008

Attachment Sequence No.

Name(s) shown on return. Do not enter name and social security number if shown on other side.

13

Page

2

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 from an at-risk activity for
which any amount is not at risk, you must check the box in column (e) on line 28 and attach Form 6198. See page E-1.

27 Are you reporting any loss not allowed in a prior year due to the at-risk 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 you answered “Yes,” see page E-7 before completing this section.
28

(b) Enter P for
partnership; S
for S corporation

(a) Name

(c) Check if
foreign
partnership

(d) Employer
identification
number

Yes

No

(e) Check if
any amount is
not at risk

A
B
C
D
Passive Income and Loss
(f) Passive loss allowed
(attach Form 8582 if required)

A
B
C
D
29a
b
30
31
32

Nonpassive Income and Loss

(g) Passive income
from Schedule K–1

(h) Nonpassive loss
from Schedule K–1

(i) Section 179 expense
deduction from Form 4562

Totals
Totals
Add columns (g) and (j) of line 29a
Add columns (f), (h), and (i) of line 29b
Total partnership and S corporation income or (loss). Combine lines 30 and 31. Enter the
result here and include in the total on line 41 below

Part III

(j) Nonpassive income
from Schedule K–1

30
31 (

)

32

Income or Loss From Estates and Trusts
(b) Employer
identification number

(a) Name

33
A
B

Passive Income and Loss
(c) Passive deduction or loss allowed
(attach Form 8582 if required)

Nonpassive Income and Loss

(d) Passive income
from Schedule K–1

(e) Deduction or loss
from Schedule K–1

(f) Other income from
Schedule K–1

A
B
34a
b
35
36
37

Totals
Totals
Add columns (d) and (f) of line 34a
Add columns (c) and (e) of line 34b
Total estate and trust income or (loss). Combine lines 35 and 36. Enter the result here and
include in the total on line 41 below

Part IV
38

)

37

Income or Loss From Real Estate Mortgage Investment Conduits (REMICs)—Residual Holder
(a) Name

(b) Employer
identification number

(c) Excess inclusion from
Schedules Q, line 2c
(see page E-7)

(d) Taxable income (net loss)
from Schedules Q, line 1b

39 Combine columns (d) and (e) only. Enter the result here and include in the total on line 41 below

Part V

35
36 (

(e) Income from
Schedules Q, line 3b

39

Summary

40 Net farm rental income or (loss) from Form 4835. Also, complete line 42 below
41 Total income or (loss). Combine lines 26, 32, 37, 39, and 40. Enter the result here and on Form 1040, line 17, or Form 1040NR, line 18 ©

40
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 T; and
42
Schedule K-1 (Form 1041), line 14, code F (see page E-8)
43 Reconciliation for real estate professionals. If you were a real estate
professional (see page E-2), enter the net income or (loss) you reported
anywhere on Form 1040 or Form 1040NR from all rental real estate activities
in which you materially participated under the passive activity loss rules
43
Schedule E (Form 1040) 2008