Part IV — 2025 Inst 1040 (Schedule E) (PDF)

Income or Loss From Real Estate Mortgage Investment Conduits (REMICs) If you are the holder of a residual interest in a REMIC, use Part IV to report your total share of the REMIC’s taxable income or loss for each quarter included in your tax year. You should receive Schedule Q (Form 1066) and instructions from the REMIC for each quarter. Do not attach Schedule(s) Q to your return. Keep it for your records.

If you are treating REMIC items on your tax return differently from the way the REMIC reported them on its return, you may have to file Form 8082.

If you are the holder of a residual interest in more than one REMIC, attach a continuation sheet using the same format as in Part IV. Enter the combined totals of columns (d) and (e) on Schedule E, line 39. If you also completed Part I on more than one Schedule E, use the same Schedule E on which you entered the combined totals in Part I.

REMIC income or loss is not income or loss from a passive activity.

Note: If you are the holder of a regular interest in a REMIC, do not use Schedule E to report the income you received. Instead, report it on Form 1040 or 1040-SR, line 2b.

Column (c). Report the total of the amounts shown on Schedule(s) Q (Form 1066), line 2c. This is the smallest amount you are allowed to report as your taxable income (Form 1040, 1040-SR, or 1040-NR, line 15). It is also the smallest amount you are allowed to report as your alternative minimum taxable income (AMTI) on Form 6251, line 4.

If the amount in column (c) is larger than your taxable income would otherwise be, enter the amount from column (c) on Form 1040, 1040-SR, or 1040-NR, line 15. Similarly, if the amount in column (c) is larger than your AMTI would otherwise be, enter the amount from column (c) on Form 6251, line 4. Enter “Sch Q” on the dotted line to the left of this amount on Form 1040, 1040-SR, or 1040-NR, line 15; and Form 6251, line 4, if applicable.

Note: These rules also apply to estates and trusts that hold a residual interest in a REMIC. Be sure to make the appropriate entries on the comparable lines on Form 1041.

Column (e). Report the amount(s) shown on Schedule(s) Q (Form 1066), line 3b.