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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 1040 Schedule E
for the current year.
IRS Form 1040 Schedule E Supplemental Income and Loss
What Is IRS Form 1040 Schedule E?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 1040, U.S. Individual Income Tax Return. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 1040 Schedule E?
A: IRS Form 1040 Schedule E is a tax form used to report supplemental income and loss.
Q: What is considered supplemental income?
A: Supplemental income includes rental income, royalties, partnership income, and S corporation income.
Q: Do I need to file IRS Form 1040 Schedule E?
A: You need to file IRS Form 1040 Schedule E if you have supplemental income or loss.
Q: Do I need to itemize deductions to use Schedule E?
A: You don't need to itemize deductions to use Schedule E. It is used to report supplemental income and loss regardless of whether you itemize or take the standard deduction.
Q: Can I e-file IRS Form 1040 Schedule E?
A: Yes, you can e-file IRS Form 1040 Schedule E.
Q: What documentation do I need to complete Schedule E?
A: You will need documentation such as rental agreements, expense receipts, and records of supplemental income and expenses.
Q: What happens if I don't file IRS Form 1040 Schedule E?
A: If you have supplemental income or loss and fail to file Schedule E, you may face penalties and owe additional taxes.
Q: Can I use IRS Form 1040 Schedule E if I have a loss?
A: Yes, you can use Schedule E to report a loss from supplemental income. It may offset other taxable income, resulting in a lower tax liability.
Q: Should I seek professional help to complete Schedule E?
A: If you are unsure about how to complete Schedule E or have complex supplemental income, it is advisable to seek professional tax help.
Form Details:
- A 2-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 1040 Schedule E through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 1040 Schedule E Supplemental Income and Loss
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