11e – Schedule E – Supplemental Income and Loss (Attach to Form 1040/1040-SR)

📘 Schedule E – Supplemental Income and Loss (Attach to Form 1040/1040-SR) :-
🔹 Purpose :
Used to report income or loss from sources other than wages or self-employment, such as:-
1.   Rental Real Estate – Houses, apartments, condos, land, etc.
2.   Royalties – Payments for copyrights, patents, oil/gas/mineral rights.
3.   Partnerships & S Corporations – Your share of pass-through income/loss (via Schedule K-1).
4.   Estates & Trusts – Income received as a beneficiary.
5.   REMICs (Real Estate Mortgage Investment Conduits) – Residual interests.

🔹 Key Information on the Form :-
*Property addresses (for rentals)
*Rental income & expenses (mortgage interest, repairs, property taxes, etc.)
*Royalties received
*Pass-through income from Schedule K-1
*Net income or loss carried to Form 1040, Schedule 1

📅 Filing
Attached to Form 1040/1040-SR during tax filing.
Deadline follows Form 1040 due dates (April 15, or Oct 15 with extension).

✅ Tip:
If you have active participation in rental property (e.g., approving tenants, managing property), you may deduct up to $25,000 of losses, subject to income limits.