IRS Schedule E (Form 1040)
Report rental, royalty, partnership, and S corporation income with Form 1040.
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About IRS Schedule E (Form 1040)
Schedule E, Supplemental Income and Loss, is filed with Form 1040 to report income and loss from rental real estate, royalties, partnerships, S corporations, estates, and trusts. Part I covers rental and royalty activity, where you list each property, its rents received, and its expenses, and later parts cover pass through income from other entities.
This page is a general guide and a fillable helper, not tax advice. Always download and file the current official form from the IRS at https://www.irs.gov/forms-pubs/about-schedule-e-form-1040 and confirm the fields and current rules match before you file.
Who needs to complete it
- Landlords who receive rent from residential or commercial rental property.
- People who earn royalties from things like books, music, or mineral rights.
- Partners and S corporation shareholders reporting income from a Schedule K-1.
- Beneficiaries reporting income from an estate or trust.
How to fill out IRS Schedule E (Form 1040)
- 1Enter your name and Social Security number as shown on Form 1040 at the top.
- 2In Part I, enter the address and type for each rental or royalty property.
- 3Report the rents or royalties received for each property.
- 4List expenses by category, such as advertising, repairs, insurance, taxes, and management fees.
- 5Enter depreciation for each property, using Form 4562 when it is required.
- 6Figure the income or loss for each property and total Part I.
- 7Complete Parts II through IV for partnership, S corporation, estate, trust, or REMIC income if you have any.
- 8Combine the parts and carry the total income or loss to your Form 1040.
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Frequently asked questions
Do I use Schedule E or Schedule C for rentals?
Most residential rental activity is reported on Schedule E. If you provide substantial services like a hotel, the activity may belong on Schedule C. This is a general guide, not tax advice, and you should download and file the current official form from the IRS.
How do I claim depreciation on a rental?
You enter depreciation for each property on Schedule E and generally attach Form 4562 when required. Keep records of the cost and the date the property was placed in service.
Where does my K-1 income go?
Income from a partnership or S corporation reported to you on a Schedule K-1 goes in the later parts of Schedule E. Follow the K-1 and current instructions for the right lines.
Is this the official IRS form?
This is a fillable helper to make completion easier. Always download and file the current official form from the IRS at https://www.irs.gov/forms-pubs/about-schedule-e-form-1040 and confirm the fields match.