Form PA-40 Schedule E Rents and Royalty Income (Loss) - Pennsylvania

What Is Form PA-40 Schedule E?

This is a legal form that was released by the Pennsylvania Department of Revenue - a government authority operating within Pennsylvania.The document is a supplement to Form PA-40, Pennsylvania Income Tax Return. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form PA-40 Schedule E?
A: Form PA-40 Schedule E is a form used in Pennsylvania to report rents and royalty income (loss).

Q: Who needs to file Form PA-40 Schedule E?
A: Individuals who have rental or royalty income (loss) in Pennsylvania need to file Form PA-40 Schedule E.

Q: What types of income should be reported on Form PA-40 Schedule E?
A: Rental income from real estate properties and royalty income from the use of intellectual property should be reported on Form PA-40 Schedule E.

Q: Do I need to file Form PA-40 Schedule E if I have no rental or royalty income?
A: No, you do not need to file Form PA-40 Schedule E if you have no rental or royalty income.

Q: What is the deadline for filing Form PA-40 Schedule E?
A: Form PA-40 Schedule E is due on the same date as your Pennsylvania individual income tax return, which is typically April 15th.

Q: Can I e-file Form PA-40 Schedule E?
A: Yes, you can e-file Form PA-40 Schedule E if you are filing your Pennsylvania individual income tax return electronically.

Q: What if I make a mistake on Form PA-40 Schedule E?
A: If you make a mistake on Form PA-40 Schedule E, you can file an amended return using Form PA-40X.

Q: Is there a penalty for not filing Form PA-40 Schedule E?
A: Yes, there may be a penalty for not filing Form PA-40 Schedule E or for filing it late. It is important to file the form on time to avoid penalties.

Q: Do I need to include supporting documentation with Form PA-40 Schedule E?
A: You should keep supporting documentation, such as rental income and expense records, for your own records but you do not need to submit them with your tax return. However, the Pennsylvania Department of Revenue may request them for verification purposes.