Schedule E Tax Form: What It Is and How to Fill It Out

If you own rental properties or have royalty income, you may need to fill out a Schedule E tax form as part of your federal income tax return. Here’s what you need to know about this form and how to fill it out correctly.

What Is Schedule E?

Schedule E is a tax form used to report income or loss from rental real estate, royalties, partnerships, S corporations, estates and trusts. It’s a supplemental form that is filed with your Form 1040 or Form 1040NR.

Filling Out Schedule E

To fill out Schedule E, you’ll need to provide information about your rental income or royalty income, as well as any expenses related to that income. Some of the expenses you can deduct on Schedule E include mortgage interest, property taxes, insurance, repairs and maintenance, and property management fees.

Tips for Filling Out Schedule E

Here are some tips to keep in mind when filling out Schedule E:

  • Keep accurate records of your rental income and expenses throughout the year.
  • Be sure to include all income and expenses related to your rental property or royalty income.
  • Use the appropriate columns and lines to report your income and expenses.
  • Double-check your calculations and make sure your totals are accurate.


Filling out Schedule E correctly is important to ensure that you pay the right amount of taxes and avoid penalties. If you’re not sure how to fill out the form or have questions about your rental income or royalty income, consult a tax professional for assistance.

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