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

Supplemental Income and Loss

SCHEDULE E
(Form 1040)
Department of the Treasury
Internal Revenue Service (99)
Name(s) shown on return

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

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

▶ See

separate instructions.

OMB No. 1545-0074

2011

Attachment
Sequence No. 13
Your social security number

A Did you make any payments in 2011 that would require you to file Form(s) 1099? (see instructions)
Yes
No
Yes
No
B If “Yes,” did you or will you file all required Forms 1099?
Income or Loss From Rental Real Estate and Royalties Note. If you are in the business of renting personal property, use
Part I
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.

Caution. For each rental property listed on line 1, check the box in the last column only if you owned that property as a member of a
qualified joint venture (QJV) reporting income not subject to self-employment tax.
1 Physical address of each property–street, city, state, zip Type–from list
below

A
B
C
Type of Property:
1 Single Family Residence
2 Multi-Family Residence

estate property listed,
report the number of
days rented at fair rental A
value and days with
B
personal use. See
instructions.
C

3 Vacation/Short-Term Rental 5 Land
4 Commercial
6 Royalties

Income:
3a
b

2 For each rental real

Merchant card and third party payments. For 2011, enter -0Payments not reported to you on line 3a . . . . .

A

Fair Rental Personal
QJV
Days
Use Days

7 Self-Rental
8 Other (describe)
Properties
B

C

3a
3b

4

Total not including amounts on line 3a that are not
4
income (see instructions) . . . . . . . . . .
Expenses:
5
Advertising . . . . . . . . . . . . . .
5
6
Auto and travel (see instructions) . . . . . . .
6
7
Cleaning and maintenance . . . . . . . . .
7
8
Commissions. . . . . . . . . . . . . .
8
9
Insurance . . . . . . . . . . . . . . .
9
10
Legal and other professional fees . . . . . . .
10
11
Management fees . . . . . . . . . . . .
11
12
Mortgage interest paid to banks, etc. (see instructions)
12
13
Other interest. . . . . . . . . . . . . .
13
14
Repairs. . . . . . . . . . . . . . . .
14
15
Supplies . . . . . . . . . . . . . . .
15
16
Taxes . . . . . . . . . . . . . . . .
16
17
Utilities . . . . . . . . . . . . . . . .
17
18
Depreciation expense or depletion . . . . . . .
18
Other (list) ▶
19
19
20
Total expenses. Add lines 5 through 19 . . . . .
20
21
Subtract line 20 from line 4. 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 3a for all rental properties . . . .
23a
b Total of all amounts reported on line 3a for all royalty properties . . . .
23b
c Total of all amounts reported on line 4 for all rental properties
. . . .
23c
d Total of all amounts reported on line 4 for all royalty properties . . . .
23d
e Total of all amounts reported on line 12 for all properties . . . . . .
23e
f Total of all amounts reported on line 18 for all properties . . . . . .
23f
g Total of all amounts reported on line 20 for all properties . . . . . .
23g
24
Income. Add positive amounts shown on line 21. Do not include any losses . . . . . . .
25
Losses. Add royalty losses from line 21 and rental real estate losses from line 22. Enter total losses here
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 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 your tax return instructions.

Cat. No. 11344L

) (

)

24
25 (

)

26
Schedule E (Form 1040) 2011

Attachment Sequence No. 13
Page 2
Your social security number

Schedule E (Form 1040) 2011
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.

Income or Loss From Partnerships and S Corporations

Part II

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 instructions.

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 instructions before completing this section.

28
A
B
C
D

(h) Nonpassive loss
from Schedule K–1

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

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

. .
. .
Enter
. .

.
.
the
.

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

Part IV
38

. . . . . . . .
. . . . . . . .
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 instructions)

(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) Income from
Schedules Q, line 3b

39

Summary

40
41

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 ▶

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
U; and Schedule K-1 (Form 1041), line 14, code F (see instructions) . .

42

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
in which you materially participated under the passive activity loss rules . .

43

43

32

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

. .
. .
(loss).
. .

)

(b) Employer
identification number

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

(j) Nonpassive income
from Schedule K–1

30
31 (

(a) Name

A
B

(e) Check if
any amount is
not at risk

(i) Section 179 expense
deduction from Form 4562

Income or Loss From Estates and Trusts

33

39

(d) Employer
identification
number

No

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

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

(a) Name

Yes

40
41

Schedule E (Form 1040) 2011