Schedule E Generator

Schedule E reports income and expenses from rental real estate, royalties, partnerships, S-corps, estates, and trusts. Most landlords use only Part I of the form for rental real estate. The IRS Schedule E is filed as part of your Form 1040. Read our Schedule E explained guide for the line-by-line walkthrough.

Up to 10 properties. The official Schedule E form lists 3 properties per page, so 4+ properties require additional Schedule E forms — the totals all roll up to line 26 on the aggregate Schedule E.

Lines 5-19 cover: advertising, auto and travel, cleaning and maintenance, commissions, insurance, legal and professional, management fees, mortgage interest, other interest, repairs, supplies, taxes, utilities, depreciation, and other. All 14 are included in this tool.

A repair keeps the property in working order (fix a faucet, patch drywall) and is fully deductible in the year spent. An improvement betters, restores, or adapts the property to a new use (roof replacement, bathroom renovation) and must be capitalized and depreciated over 27.5 years. The De Minimis Safe Harbor lets you expense items under $2,500 per invoice without fighting the classification.

This tool expects you to enter depreciation as a pre-calculated number (line 18). Depreciation calculation itself requires Form 4562 with property-specific basis, placed-in-service date, and depreciation method. Work with your CPA or tax software to compute depreciation per property, then enter the result here.

Yes. The CSV export produces a per-property breakdown with all 14 expense categories labeled by Schedule E line number, plus a totals row matching line 26. Your CPA can use this as a working document for their tax prep software.

Fair rental days are the number of days the property was rented at fair market rent during the tax year. Personal use days are days you or a related party used the property personally. For vacation rentals, if personal use exceeds 14 days or 10% of rental days (whichever is greater), the property is classified as a personal residence with rental use — expense allocation gets complicated.

No. This tool helps organize your rental property data in Schedule E format. It does not handle passive activity loss limitations, depreciation recapture, active participation rules, real estate professional status, or the Section 199A QBI deduction's 250-hour safe harbor. Review your Schedule E with a tax professional before filing. See our Section 199A QBI guide for the 250-hour safe harbor specifics.