Schedule E (Form 1040) Supplemental Income and Loss 2008
Summary: This is an example of Schedule E (Form 1040) 2008 as pertains to the estate described in the text. The completed line items are:
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Name(s) shown on return
field contains Thomas Smith Bankruptcy Estate -
Your social security number
field contains 00-00-00000 - Under
Part I: Income or Loss From Rental Real Estate and Royalties
: -
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1. List the type and location of each rental real estate property: A
field contains Commercial Rental Real Estate, Anywhere, Anystate, 00000 -
2. For each rental real estate property listed on line 1, did you or your family use it for personal purposes for more than the greater of 14 days or 10% of the total days rented at fair rental value during the tax year? (See page E-1.): A. No
checkbox checked - Under
Income
: -
-
3. Rents received: Properties A
field contains 75,000
- Under
Expenses
: -
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12. Mortgage interest paid to banks, etcetera. (see page E-2): Properties A
field contains 10,000 -
16. Taxes: Properties A
field contains 20,000
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19. Add lines 5 through 18: Properties A
field contains 30,000 -
20. Depreciation expense of depletion (see page E-2): Properties A
field contains 5,000 -
21. Total expenses. Add lines 19 and 20: Properties A
field contains 35,000 -
22. Income or (loss) from rental real estate or royalty properties. Subtract line 21 from line 3 (rents) or line 4 (royalties). If the result is a (loss), see page E-2 to find out if you must file Form 6198: Properties A
field contains 40,000 -
24. Income. Add positive amounts shown on line 22. Do not include any losses
field contains 40,000 -
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 39 on page 2 do not apply to you, also enter this amount on Form 1040, line 17. Otherwise, include this amount in the total on line 40 on page 2
field contains 40,000
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