Schedule E is used to report supplemental income and losses from rental real estate, royalties, and pass-through entities. This is supplemental, or ancillary, income and not generally earned income. Real estate, Partnerships, S Corporations, etc., can all generate earned income, but those items will be redirected to other forms as part of the Schedule E process. The income reported on Schedule E is generally considered passive. In this course, we will discuss rental real estate activities and royalties, and income or loss from partnerships and S Corporations, estates and trusts, and real estate mortgage investment conduits (REMICs).

This course provides insight into the reporting of income and loss from these activities and covers some of the frequently missed items. It includes updates for the 2023 tax year, including new requirements for S corporation basis calculations using Form 7203. Plenty of practical examples bring the concepts to life.