Schedule E (Form 1040), Supplemental Income and Loss, 2021

Schedule E (Form 1040), Supplemental Income and Loss, 2021

Summary: This is an example of Schedule E (Form 1040), 2021, as pertains to the estate described in the text. The completed line items are:

"Name(s) shown on return" field contains Thomas Smith Bankruptcy Estate
"Your social security number" field contains 22-0000000
Under" Part I: Income or Loss From Rental Real Estate and Royalties":
"A. did you make any payments in 2021 that would require you to file Form(s) 1099? See instructions" checkbox checked No
"1a. Physical address of each property (street, city, state, ZIP code)" field A contains Anywhere, Anystate, 00000
"1b. Type of property (from list, provide the type of property) (1 single family residence, 2 multi-family residence, 3 vacation/short-term, 4 commercial, 5 land, 6 royalties, 7 self-rental, 8 other(describe))" field A contains 4
Under" Income":
"3. Rents received: Properties A" field contains 75,000
Under" Expenses":
"12. Mortgage interest paid to banks, etcetera" field Property A contains 10,000
"16. Taxes" field Property A contains 20,000
"18. Depreciation expense or depletion" field Property A contains 3,478
"20. Total expenses. Add lines 5 through 19" field Property A contains 33,478
"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" field Property A contains 41,522
"23a. Total of all amounts reported on line 3 for all rental properties" field contains 75,000
"23c. Total of all amounts reported on line 12 for all properties" field contains 10,000
"23d. Total of all amounts reported on line 18 for all properties" field contains 3,478
"23e. Total of all amounts reported on line 20 for all properties" field contains 33,478
"24. Income. Add positive amounts shown on line 21. Do not include any losses" field contains 41,522
"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 ." field contains 41,522