Part V - Summary

The taxpayer uses Part V of Schedule E to summarize income and losses reported on Schedule E and Form 4835.

Take one of the following actions when line 40 is blank and Form 4835 is attached:

If on Form 4835

Then

A fractional interest is indicated,

Edit gains on line 30 of Schedule E.

Edit losses on line 31 of Schedule E.

Do not"X" Form 4835.

Line 32 is a gain,

Edit the line 32 amount on line 40 of Schedule E.

Line 34c is a loss,

Edit the line 34c amount on line 40 of Schedule E.