Sch E (1040) Supplemental Income and Loss

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

Supplemental Income and Loss

2021

(From rental real estate, royalties, partnerships, S corporations, estates, trusts, REMICs, etc.)
Attach to Form 1040, 1040-SR, 1040-NR, or 1041.
to www.irs.gov/ScheduleE for instructions and the latest information.
▶

▶ Go

Name(s) shown on return

Part I

OMB No. 1545-0074

Attachment
Sequence No. 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. See instructions. If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40.

A Did you make any payments in 2021 that would require you to file Form(s) 1099? See instructions . . . . .
Yes
No
B If “Yes,” did you or will you file required Form(s) 1099? . . . . . . . . . . . . . . . . . . .
Yes
No
1a Physical address of each property (street, city, state, ZIP code)
A
B
C
Fair Rental
Personal Use
2 For each rental real estate property listed
1b
Type of Property
QJV
above, report the number of fair rental and
Days
Days
(from list below)
personal use days. Check the QJV box only
A
A
if you meet the requirements to file as a
qualified joint venture. See instructions.
B
B
C
C
Type of Property:
1 Single Family Residence
3 Vacation/Short-Term Rental 5 Land
7 Self-Rental
2 Multi-Family Residence
4 Commercial
6 Royalties
8 Other (describe)
Income:
Properties:
A
B
C
3
Rents received . . . . . . . . . . . . .
3
4
4
Royalties received . . . . . . . . . . . .
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
Subtract line 20 from line 3 (rents) and/or 4 (royalties). If
result is a (loss), see instructions to find out if you must
file Form 6198 . . . . . . . . . . . . .
21
22
Deductible rental real estate loss after limitation, if any,
)(
on Form 8582 (see instructions) . . . . . . .
22 (
23a Total of all amounts reported on line 3 for all rental properties
. . . .
23a
b Total of all amounts reported on line 4 for all royalty properties . . . .
23b
c Total of all amounts reported on line 12 for all properties . . . . . .
23c
d Total of all amounts reported on line 18 for all properties . . . . . .
23d
e Total of all amounts reported on line 20 for all properties . . . . . .
23e
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 .
21

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
Schedule 1 (Form 1040), line 5. Otherwise, include this amount in the total on line 41 on page 2 .

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11344L

)(

)

24
25 (

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26
Schedule E (Form 1040) 2021

Schedule E (Form 1040) 2021

Attachment Sequence No.

13

Page 2

Your social security number

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, receive a distribution, dispose of
stock, or receive a loan repayment from an S corporation, you must check the box in column (e) on line 28 and attach the required basis
computation. 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 (f) 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 . . . . . . . . . . . . . . . . . . .
Yes
No

28

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

(a) Name

A
B
C
D

(i) Nonpassive loss allowed
(see Schedule K-1)

(j) Section 179 expense
deduction from Form 4562

.
.
.

.
.
.

.
.
.

.
.
.

A
B

30
31 (
32

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

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 .

38

(e) Deduction or loss
from Schedule K-1

.
.
.

.
.
.

.
.
.

.
.
.

.
.
.

.
.
.

.
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.
.
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(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

)

(b) Employer
identification number

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

(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 Schedule 1 (Form 1040), line 5 ▶

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 1120-S), box 17, code
AD; and Schedule K-1 (Form 1041), box 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, Form 1040-SR, or Form 1040-NR from all rental real estate activities in which
you materially participated under the passive activity loss rules . . . . . .

43

43

(k) Nonpassive income
from Schedule K-1

(a) Name

Part IV

(f) Check if
any amount is
not at risk

Income or Loss From Estates and Trusts

33

39

(e) Check if
basis computation
is required

Nonpassive Income and Loss

(h) Passive income
from Schedule K-1

Totals
Totals
Add columns (h) and (k) of line 29a. . . . . . . . . . . . . . . . .
Add columns (g), (i), and (j) of line 29b. . . . . . . . . . . . . . . .
Total partnership and S corporation income or (loss). Combine lines 30 and 31

Part III

A
B
34a
b
35
36
37

(d) Employer
identification
number

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

A
B
C
D
29a
b
30
31
32

(c) Check if
foreign
partnership

40
41

Schedule E (Form 1040) 2021