OG02 1669 Schedule E

OG01 1669 Owner's Portal for Schedule E Reports

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IRS - YTD Schedule E with Expenses Categories

• Schedule E is an expenses report for IRS. 

• The following table summarizes the expenses categories.

• A lot of invoices were not breakdown into labor and supply. Therefore, we have redistributed some repairs costs into Supply costs to balance out.

• The maintenance costs were also mandated to be separated from the Repairs costs to balance out this schedule E table.

• The rent column below is the commission deducted from the rent income for management costs. As the result, the total amount of rent reported in Schedule E below is less than the gross rent collection reported in the summary table above.

YTD Section 8 Schedule E If Applicable

• The following table shows how much Housing paid. 

• The total amount of the Housing paid should match up 1099-Misc

• When you enter the rent amount, you only need to enter the Tenant paid portion in your Schedule E since 1099 Misc is reported to IRS already.

• You do need to enter the 1099 Misc in you tax return as well. 

YTD Schedule E with Income Breakdown

• The following table shows the total gross rent income per property.

• The total payouts is the net proceeding or net rent income.

• The difference between the gross rent income and net rent income is expenses.

• The expenses will be categorized in the next schedule E table.

YTD Schedule E Expenses Breakdown

• The following expenses break down table shows some context regards to each expensive items.

• This table can be used as a supporting documents for the Schedule E report. 

OG02 1669 Schedule E Archive

• This page shows Schedule E for the current year.

• For the Schedule E in the past years, please refer to the following document.