AnnetteB6
Expert Alumni

Business & farm

Instead of looking for Schedule E page 2, look for Schedule E page 1, copy 2.  That is where you will find the information reported for the fourth rental property.  Schedule E page 2 only comes into play when rental income is reported through other entities who issue you a K-1.

 

As for the rule about no longer sending Schedule E for established properties, that is incorrect since Schedule E reports both income and expenses for the property every year.  The person providing that answer was confusing Schedule E and Form 4562.  Form 4562 reports depreciation and if no new assets are placed into service during the tax year, Form 4562 is not included as part of the tax return.  

 

@Yurtfan 

@lgcphoto 

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