Form 1040 Sch. E 1040 Sch. E Supplemental Income and Loss

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Supplemental Income and Loss

SCHEDULE E
(Form 1040)

Department of the Treasury
Internal Revenue Service (99) © Attach to Form 1040, 1040NR, or Form 1041.
Name(s) shown on return

Part I

OMB No. 1545-0074

2009

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

Attachment
© See Instructions for Schedule E (Form 1040).
Sequence No. 13
Your social security number

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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
Rents received . . . . . .
4
Royalties received . . . . .
Expenses:
5
Advertising . . . . . . .
6
Auto and travel (see page E-4) .
7
Cleaning and maintenance . .
8
Commissions. . . . . . .
9
Insurance . . . . . . . .
10
Legal and other professional fees
11
Management fees . . . . .
12
Mortgage interest paid to banks,
etc. (see page E-5) . . . . .
13
Other interest. . . . . . .
14
Repairs. . . . . . . . .
15
Supplies . . . . . . . .
16
Taxes . . . . . . . . .
17
Utilities . . . . . . . . .
18
Other (list) ©

A

Yes No
2 For each rental real estate property
listed on line 1, did you or your family
use it during the tax year for personal
A
purposes for more than the greater of:
● 14 days or
B
● 10% of the total days rented at fair
rental value?
C
(See page E-3)
Properties
Totals
(Add columns A, B, and C.)
B
C

3
4

3
4

5
6
7
8
9
10
11

12

12
13
14
15
16
17

18

19
20
21
22

23

24
25
26

Add lines 5 through 18. . . .
Depreciation expense or depletion
(see page E-5) . . . . . .
Total expenses. Add lines 19 and 20
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
you must file Form 6198. . . .

19

19

20
21

20

22

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
)(
)
)(
23 (
complete line 43 on page 2 . . .
Income. Add positive amounts shown on line 22. Do not include any losses . . . . . . .
24
Losses. Add royalty losses from line 22 and rental real estate losses from line 23. Enter total losses here .
25 (
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

)

26
Schedule E (Form 1040) 2009

Version A, Cycle 1
Attachment Sequence No. 13
Page 2
Your social security number

Schedule E (Form 1040) 2009
Name(s) shown on return. Do not enter name and social security number if shown on other side.

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

28

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

(a) Name

A
B
C
D

A
B

Totals
Totals
Add columns (d) and (f) of line 34a .
Add columns (c) and (e) of line 34b
Total estate and trust income or
include in the total on line 41 below

38

43

. . . . . .
. . . . . .
(loss). Combine
. . . . . .

. . . . . .
. . . . . .
lines 30 and 31.
. . . . . .

. .
. .
Enter
. .

.
.
the
.

(j) Nonpassive income
from Schedule K–1

30
31 (

)

32
(b) Employer
identification number

Nonpassive Income and Loss
(d) Passive income
from Schedule K–1

. .
. .
(loss).
. .

. . . . . . . .
. . . . . . . .
Combine lines 35 and
. . . . . . . .

(e) Deduction or loss
from Schedule K–1

. . . . .
. . . . .
36. Enter the
. . . . .

. .
. .
result
. .

. . .
. . .
here and
. . .

(f) Other income from
Schedule K–1

35
36 (

)

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)

(e) Income from
Schedules Q, line 3b

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

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

Part V

(e) Check if
any amount is
not at risk

(i) Section 179 expense
deduction from Form 4562

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

40
41
42

(h) Nonpassive loss
from Schedule K–1

(a) Name

Part IV

No

Income or Loss From Estates and Trusts

33

39

(d) Employer
identification
number

Yes

Nonpassive Income and Loss

(g) Passive income
from Schedule K–1

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
result here and include in the total on line 41 below

Part III

A
B
34a
b
35
36
37

(c) Check if
foreign
partnership

Passive Income and Loss
(f) Passive loss allowed
(attach Form 8582 if required)

A
B
C
D
29a
b
30
31
32

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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.

39

Summary

Net farm rental income or (loss) from Form 4835. Also, complete line 42 below . . . . . .
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 ©
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 Schedule K-1 (Form 1041), line 14, code F (see page E-8)

42

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

40
41

Schedule E (Form 1040) 2009