Do I have to pay taxes on supplemental income for rental property? I forgot to claim that and I already received my refund.

[Plaistedfamily4]

I didn't file a Schedule E for rental income/supplemental income (long story). I've already received my refund. How will this effect me if I amend it? Will I end up owing the IRS money?

[Marketstar · Accepted solution]

As we cannot see your return, we cannot specify how your Schedule E will affect your tax situation..

However, after deducting all of your qualified rental expenses, including depreciation, a non cash outlay, you may have a rental loss, and possibly a refund.from claiming you Schedule E.

See below for amendment details.

https://ttlc.intuit.com/replies/5809021