OG05 2012 Etc Schedule E

OG05 2012 Property Etc - Schedule E Reports

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IRS Schedule E Report

• 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.

Schedule E Section 8 Details

• The following table shows how much Housing paid. The total amount of the Housing paid should match up 1099-Misc.

• For a more accurate amount, please refer to 1099-Misc in the sub-page of the current page.

• Step 1: Got IRS Schedule E Report and locate the housing property P and find the corresponding rent amount in Rent column => $A

• Step 2: Go to 1099 Misc in the sub-page of the current page and find the rent amount for property P reported by 1099 Misc => $B

• Step 3: Go to Tax Report System such as TurboTax, enter 1099-Misc amount.

• Step 4: Enter ($A - $B) as rent amount for the property P in Schedule E.

Schedule E Income/Expenses Details 

• 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.

Schedule E Expenses Category 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. 

OG05 2012 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.