Schedule E (Form 1040) is used to report supplemental income and loss from rental real estate, royalties, partnerships, S corporations, estates, and trusts. This reporting module provides you with a comprehensive, organized view of all your rental property income and expenses for accurate tax reporting.
Schedule E is an IRS tax form that allows you to report income and expenses from rental properties. The form calculates your net rental income (or loss) for each property, which is then reported on your Form 1040. Our Schedule E Report automates this process by organizing your rental property data into the exact categories required by the IRS.
Schedule E is designed for passive rental activity. If you're a real estate professional who materially participates in your rental activities, different tax rules may apply. Consult with your tax professional to determine the correct reporting method.
The IRS requires rental expenses to be reported in specific categories on Schedule E. Our report automatically organizes your expenses into these 14 standard categories: