General Instructions

Use Schedule E (Form 1040) to report income or loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs.

You can attach your own schedule(s) to report income or loss from any of these sources. Use the same format as on Schedule E.

• Form 4797 to report sales, exchanges, and involuntary conversions (not from a casualty or theft) of trade or business property.

• Form 6198 to apply a limitation to your loss from an at-risk activity.

Enter separately on Schedule E the total income and the total loss for each part. Enclose loss figures in (parentheses).