What Is Schedule E?

Schedule E is used to report supplemental income and losses from rental real estate, partnerships, S corporations, and trusts. If you're a landlord, you report rent received and expenses like mortgage interest, repairs, and depreciation on Schedule E. Partner and S corporation income flows to Schedule E from Schedule K-1. Unlike Schedule C income, Schedule E rental income is generally not subject to self-employment tax. Passive activity rules may limit how much you can deduct.