Schedule E (Form 1040) Supplemental Income and Loss 2011
Summary: This is an example of Schedule E (Form 1040) 2011 as pertains to the estate described in the text. The completed line items
are:
Name(s) shown on return
field contains Thomas Smith Bankruptcy EstateYour social security number
field contains 00-00-00000- Under
Part I: Income or Loss From Rental Real Estate and Royalties
: 1. List the type and location of each rental real estate property:
A
field contains Commercial Rental Real Estate, Anywhere, Anystate, 000002. 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
: 12. Mortgage interest paid to banks, etcetera. (see page E-2): Properties
A
field contains 10,00016. Taxes: Properties A
field contains 20,000
19. Add lines 5 through 18: Properties A
field contains 30,00020. Depreciation expense of depletion (see page E-2): Properties
A
field contains 5,00021. Total expenses. Add lines 19 and 20: Properties A
field contains 35,00022. 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 40,00024. Income. Add positive amounts shown on line 22. Do not include any
losses
field contains 40,00026. 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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