Schedule E (Form 1040) Supplemental Income and Loss 2010

Summary: This is an example of Schedule E (Form 1040) 2010 as pertains to the text. The completed line items are:
 Properties: AProperties: BTotals (Add columns A, B, and C.)
Income: 3. Rents received25,0008,30033,300
Expenses: 5. Advertising600210 
Expenses: 7. Cleaning and Maintenance1,500525 
Expenses: 8. Commissions1,200420 
Expenses: 9. Insurance2,000700 
Expenses: 10. Legal and other professional fees1,000390 
Expenses: 12. Mortgage interest paid to banks, etcetera. (see page E-5)9,0008,51017,510
Expenses: 14. Repairs700245 
Expenses: 15. Supplies600210 
Expenses: 16. Taxes2,000700 
Expenses: 17. Utilities2,400840 
Expenses: 18. Other (list) field contains Wages and salaries9,0003,150 
19. Add lines 5 through 1830,00015,90045,900
20. Depreciation expense or depletion (see page E-5)10,0004,00014,000
21. Total expenses. Add lines 19 and 2040,00019,900 
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-5 to find out if you must file Form 6198 negative 15,000negative 11,600 
23. Deductible rental real estate loss. Caution. Your rental real estate loss on line 22 may be limited. See page E-5 to find out if you must file Form 8582. Real estate professionals must complete line 43 on page 2 negative 6,155negative 3,546 

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