Fill out Schedule E (Supplemental Income and Loss) online
Schedule E reports income and losses from rental real estate, royalties, partnerships, S corporations, estates, trusts, and REMICs. Part I is dedicated to rental real estate and royalties, making this the primary form for reporting rental property income and deductible expenses such as mortgage interest, depreciation, repairs, and property management fees.
How to fill out Schedule E (Supplemental Income and Loss)
List each rental property
Enter the address, type of property (single family, multi-family, commercial, etc.), fair rental days, and personal use days for each rental property you own.
Report rental income
Enter the total rents received for each property during the tax year. Include all rental income, security deposits kept, and any advance rent received.
Itemize expenses
For each property, enter deductible expenses: advertising, auto and travel, cleaning, commissions, insurance, legal and professional fees, management fees, mortgage interest, repairs, taxes, utilities, and depreciation.
Calculate net income or loss
Subtract total expenses from total income for each property. If you have a loss, passive activity rules may limit how much you can deduct. Carry the total to Schedule 1, line 5.
About Schedule E (Supplemental Income and Loss)
Who needs this form
Landlords and rental property owners, recipients of royalty income, partners in partnerships, shareholders in S corporations, and beneficiaries of estates or trusts. If you own rental real estate, you almost certainly need to file Schedule E.
Where to submit
File with the IRS as part of your annual federal income tax return (Form 1040). The total from Schedule E flows to Form 1040, Schedule 1.
Source and content freshness
- Filing deadlines may shift for weekends and holidays. Verify due dates with official instructions.
Common mistakes to avoid
- Not separating expenses by property when owning multiple rental properties
- Forgetting to report personal use days, which can limit deductible losses
- Omitting depreciation expense, which is one of the largest deductions for rental property
- Confusing rental income with self-employment income (rental income is generally not subject to self-employment tax)
- Not carrying forward suspended passive losses from prior years
Got any questions?
Is this form free to fill out?
Do I need to create an account?
Is my data secure?
Is this legal, tax, or immigration advice?
Can I share a direct link to this form?
Can I deduct rental losses against my other income?
SimplePDF provides a tool to fill out PDF forms. We are not affiliated with any government agency or form issuer. It is your responsibility to verify the accuracy and completeness of any information entered. SimplePDF is not liable for errors, omissions, or consequences resulting from the use of filled-out forms.