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Questions tagged [schedule-e]

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How to handle rental income shared with my spouse on Schedule E

I and my spouse are filling a separate 1040NR. We have both our name on a property that we rent. How do we fill the Schedule E if the income is shared between partners? Let say for example that we ...
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1answer
33 views

Illinois Property Taxes and Schedule E Expenses

(Assume) I rented out my condo in Illinois from Jan 1, 2018 to December 2018. In Illinois, property taxes are paid in arrears, so during 2018 I paid my 2017 property tax bill, and I haven't yet paid ...
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1answer
63 views

Managed rental property: income from late fees. How to report on Schedule E?

We have a rental property that is managed by a property management company. This year, our tenants have paid late fees in addition to the rent. The management company filed these fees under Box 3, '...
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0answers
28 views

Schedule E (rents) — which line for cost of permits?

I have recently bought rental property. I am required to (and did) register the property with the city. It's not an ad valorem tax; it's a flat fee per unit. Is there any more appropriate line on ...
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1answer
137 views

Accounting method change to depreciation basis : appropriate solution? (USA)

I have personal property that was converted to a rental unit in 2015. When determining the depreciation basis for this property, I used the Fair Market Value, as suggested to me by a TaxAct ...
6
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1answer
263 views

Should I enter a trailer park under one Schedule E column or under multiple Schedule E columns on US tax return?

It seems like common advice for when to consider two units part of the same property for purposes of the Schedule E, is that they are separate if and only if they have separate property tax. So, two ...