1040 Schedule E

Overview

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.

Learning Objectives

After successfully completing this course, you will be able to:

  • identify income and properly classify deductible expenses relating to rental real estate activities
  • properly apply the passive activity loss limitations including the exception for certain rental real estate activities
  • properly apply the at-risk rules
  • properly report the activities from partnerships and S Corporations
  • properly report the activities from estates and trusts
  • properly report the activities from REMICs

Tax Year: 2019

Designed For

CPAs, EAs, and other tax professionals
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