Schedule E (Form 1040) Supplemental Income and Loss 2011

Summary: This is an example of Schedule E (Form 1040) 2011 as pertains to the text. The completed line items are:
 Properties: AProperties: B
Income: 3a. Merchant card and third party payments. For 2011 enter -0--0--0-
Income: 3b. Payments not reported to you on line 3a25,0008,300
Income: 4. Totals not including amounts on line 3a that are not income25,0008,300
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)9,0008,510
Expenses: 14. Repairs700245
Expenses: 15. Supplies600210
Expenses: 16. Taxes2,000700
Expenses: 17. Utilities2,400840
Expenses: 18. Depreciation expense or depletion10,0004,000
19. Other (list): Wages and salaries9,0003,150
20. Total expenses. Add lines 5 through 19.40,00019,900
21. Subtract line 20 from line 4. If result is a (loss), see the instructions to find out if you must file Form 6198/negative 15,000negative 11,600
22. Deductible rental real estate loss after limitation, if any, on Form 8582 (see instructions)negative 6,155negative 3,546

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