Schedule E (Form 41 Only): Supplemental Income and Loss (2024)
Alabama · Alabama DOR · Used for tax years 2024
Alabama Schedule E (Form 41) reports an estate’s or trust’s supplemental income or loss from rental real estate, royalties, partnerships, S corporations, estates, and trusts. It includes rental and royalty expenses and is attached to Form 41.
Who files this form
Schedule E (Form 41) is for an estate or trust reporting supplemental income or loss with Alabama Form 41. It has sections for:
- Rental real estate and royalties.
- Partnerships and S corporations.
- Estates and trusts.
The schedule must be attached to Form 41.
What you'll need
Have the information needed for the parts you complete:
- The estate or trust's name and federal employer identification number.
- Each rental property's kind and location, plus information about personal use and days rented at fair rental value.
- Rents and royalties received, rental expenses, and depreciation or depletion amounts.
- For partnerships, S corporations, estates, or trusts reported on the schedule: each entity's name, address, federal employer identification number, entity type, and income or loss amount.
How to file
Attach Schedule E to Form 41.
- Combine lines 23 and 24 on line 25. Also enter that total on Form 41, page 3, Schedule C, Column C, line 5a, or Schedule G, Column a, line 5.
- Enter the total income or loss from estates and trusts on line 26. Also enter it on Form 41, Schedule C, Column C, line 5b, or Schedule G, Column a, line 6.
The supplied form text does not give a mailing address or e-filing directions.
Common mistakes
- Remember to attach Schedule E to Form 41.
- The form also tells you to see the instructions for Schedule E (Form 41). Those instructions were not included in the supplied text.
Questions people ask
What personal use do I report for a rental property?
Line 2 asks whether you or your family used each listed rental property for personal purposes for more than the greater of 14 days or 10% of the total days rented at fair rental value. Answer Yes or No for each property.
Where do I report depreciation or depletion?
Enter depreciation expense or depletion on line 20. Add lines 19 and 20 to get total expenses on line 21.
How do I calculate rental and royalty income or loss?
On line 22, subtract total expenses on line 21 from rents on line 3 and/or royalties on line 4. Add the line 22 amounts in Columns A, B, and C and enter the total on line 23.
Where do I report income or loss from other entities?
Use Part II for partnerships and S corporations, with the total on line 24. Use Part III for estates and trusts, with the total on line 26.