Name(s) shown on return Your social security number *******Enter Your Name Here******** Part 1 Income or Loss From Rental Real Estate and Royalties Note: If you are in the business of renting personal property, use Schedule C. See instructions. If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40. A19id you fierbaalagasy feashoppopertinasthenticitqustateoflio endlerm(s) 1099? See instructions. Yes No B Af "Yes," did you or will you file required Form(s) 1099? Yes No B 1b Type of Property 2 For each rental real estate property listed Fair Rental Personal Use QJV (from list below) personaleset dags unteektheas sentabxandly Days Days A if you meet the requirements to file as a A B qualified joint venture. See instructions. B C abbo 7 Self-Rental 8 Other (describe) B A Type of Property: 1 Single Family Residence 3 Vacation/Short-Term Rental 5 Land 2 Multi-Family Residence 4 Commercial 6 Royalties Income: Properties: 3 Rents received 3 4 Royalties received 4 Expenses: 5 Advertising 5 6 Auto and travel (see instructions) 6 7 Cleaning and maintenance 7 8 Commissions.. 8 9 Insurance 9 10 Legal and other professional fees 10 11 Management fees 11 12 Mortgage interest paid to banks, etc. (see instructions) 12 13 Other interest. 13 14 Repairs. 14 15 Supplies 15 16 Taxes 16 17 Utilities 17 18 Depreciation expense or depletion 18 19 Other (list) HOA 19 20 Total expenses. Add lines 5 through 19 20 21 Subtract line 20 from line 3 (rents) and/or 4 (royalties). If result is a (loss), see instructions to find out if you must file Form 6198 21 22 Deductible rental real estate loss after limitation, if any, 23a Total of all amounts reported on line 3 for all rental properties 23a b Total of all amounts reported on line 4 for all royalty properties 23b c Total of all amounts reported on line 12 for all properties 23c d Total of all amounts reported on line 18 for all properties 23d e Total of all amounts reported on line 20 for all properties 23e 24 Income. Add positive amounts shown on line 21. Do not include any losses 25 Losses. Add royalty losses from line 21 and rental real estate losses from line 22. Enter total losses here. 26 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 40 on page 2 do not apply to you, also enter this amount on Schedule 1 (Form 1040), line 5. Otherwise, include this amount in the total on line 41 on page 2 . For Paperwork Reduction Act Notice, see the separate instructions. Cat. No. 11344L 24 25 26 Schedule E (Form 1040) 2020 Schedule E (Form 1040) 2020 amets) shown on returi. Do not enter name and social security number if shown on other side. Attachment Sequence No. 13Page 2 Your social security number Caution: The IRS compares amounts reported on your tax return with amounts shown on Schedule(s) K-1. Part | Income or Loss From Partnerships and S Corporations Note: If you report a loss, receive a distribution, dispose of stock, or receive a loan repayment from an S corporation, you must check the box in column (e) on line 28 and attach the required basis computation. If you report a loss from an at-risk activity for which any amount is not at risk, you must check the box in column (f) on line 28 and attach Form 6198. See instructions. 27 Are you reporting any loss not allowed in a prior year due to the at-risk or basis limitations, a prior year unallowed loss from a passive activity (if that loss was not reported on Form 8582), or unreimbursed partnership expenses? If you answered "Yes," see instructions before completing this section . . Yes No 28 (b) Enter P for (c) Check if (d) Employer (e) Check if (f) Check if (a) Name partnership: S "foreign basis computation for S corporation partnership is required A B D identification number any amount is not at risk OO UU Passive Income and Loss (9) Passive loss allowed (h) Passive income (attach Form 8582 if required) from Schedule K-1 Nonpassive Income and Loss (i) Nonpassive loss allowed 6) Section 179 expense (k) Nonpassive income (see Schedule K-1) deduction from Form 4562 from Schedule K-1 A B C D 29a Totals b Totals 30 Add columns (h) and (k) of line 29a. 30 31 Add columns (9), (i), and (i) of line 29b. 31 32 Total partnership and S corporation income or loss). Combine lines 30 and 31 32 Part II Income or Loss From Estates and Trusts (b) Employer 33 (a) Name identification number B Passive Income and Loss Nonpassive Income and Loss (c) Passive deduction or loss allowed (d) Passive income (e) Deduction or loss (1) Other income from (attach Form 8582 if required) from Schedule K-1 from Schedule K-1 Schedule K-1 A B 34a Totals b Totals 35 Add columns (d) and (f) of line 34a 35 36 Add columns (c) and (e) of line 34b 36 37 Total estate and trust income or (loss). Combine lines 35 and 36 37 Part M Income or Loss From Real Estate Mortgage Investment Conduits (REMICs)-Residual Holder (c) Excess inclusion from 38 (b) Employer identification (a) Name Schedules Q, line 2c (d) Taxable income (net (e) Income from number loss) from Schedules Q, Schedules Q. line 3b (see instructions) line 16 39 Combine columns (d) and (e) only. Enter the result here and include in the total on line 41 below 39 Part V Summary Net farm rental income or (loss) from Form 4835. Also, complete line 42 below 40 Total income or (loss). Combine lines 26, 32, 37, 39, and 40. Enter the result here and on Schedule 1 (farm 1040), line 5 Reconciliation of farming and fishing income. Enter your gross farming and fishing income reported on Form 4835, line 7; Schedule K-1 (F Reconciliation for real estate professionals. If you were a real estate professional (see instructions), enter the net income or loss) you repo 42 On January 1, 2015, you purchased a house for $120,000. You financed $96,000 at 4.50% for 15 years. You rent the house year-round for $1,600 per month. In 2020, maintenance expenses were $650. Property taxes for 2020 were $1,500. Your annual homeowner's insurance premium is $780. You manage the rental yourself. Complete Schedule E for this property. You will need to calculate the interest paid on the mortgage in 2020. You will also calculate the depreciation on the property for 2020. Assume the value of the lot is $10,000. Note that land is not depreciable, so your depreciable basis is $110,000. Use the depreciation table for rental property to calculate the depreciation for 2020. Round all values to the nearest dollar. Do NOT enter cents on tax forms. You may complete either the PDF or Word version of the Schedule E. This is due Sunday, July 18 at 10pm