IRS Form 1040 Schedule E. Supplemental Income and Loss
IRS Form 1040 Schedule E consists of several parts that details the supplemental income and losses for a taxpayer. It is typically used by taxpayers who have income from rental property, a business, royalty income, estate/trust distributions, or a partnership. The form is used to report the income or loss from these activities and it can be issued by individuals or corporations. The form requires the taxpayer to provide details on their income sources, expenses, and any applicable deductions.