Page 240 - Individual Forms & Instructions Guide

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Department of the Treasury Schema: Leadpct: 100% Pt. size: 10 (Init. & Date) _______
Internal Revenue Service
2022 Instructions for Schedule E

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

Enter separately on Schedule E the total income and the total loss for each part. En-
close loss figures in (parentheses).
Section references are to the Internal The disallowed loss resulting from the • Form 1041 to report information
Revenue Code unless otherwise noted. limitation will not be reflected on for estates and trusts.
Future Developments line 26, 32, 37, or 39 of your Sched- • Form 3520 to report certain

For the latest information about devel- ule E. Instead, use Form 461 to deter- transactions with foreign trusts and
receipt of certain large gifts or bequests
mine the amount of your excess business
opments related to Schedule E (Form loss, which will be included as income from certain foreign persons.
1040) and its instructions, such as legis- on Schedule 1 (Form 1040), line 8p. • Form 4562 to claim depreciation
lation enacted after they were published, Any disallowed loss resulting from this and amortization (including information
go to IRS.gov/ScheduleE. limitation will be treated as a net operat- on listed property) on assets placed in
ing loss that must be carried forward and service in 2022, to claim amortization
What's New deducted in a subsequent year. that began in 2022, to make an election
under section 179 to expense certain
See Form 461 and its instructions for
details on the excess business loss limi- property, or to report information on
Standard mileage rate. The standard listed property.
mileage rate for miles driven in connec- tation. • Form 4684 to report a casualty or
tion with your rental activities from Jan- Figuring a shareholder’s stock and theft gain or loss involving property
uary 1, 2022, to June 30, 2022, is 58.5 debt basis. See Form 7203 and its sepa- used in your trade or business or
cents a mile. The standard mileage rate rate instructions, which have been devel- income-producing property.
for miles driven in connection with your oped to replace the 3-part Worksheet for • Form 4797 to report sales,
rental activities from July 1, 2022, to Figuring a Shareholder’s Stock and Debt exchanges, and involuntary conversions
December 31, 2022, is 62.5 cents a mile. Basis and its related instructions former- (not from a casualty or theft) of trade or
ly found in the Shareholder’s Instruc-
New Form 7205, Energy Efficient business property.
Commercial Buildings Deduction. tions for Schedule K-1 (Form 1120-S). • Form 6198 to apply a limitation to
This new form and its separate instruc- your loss from an at-risk activity.
tions are used to claim the IRC 179D de- General • Form 7203 to figure potential
duction for qualifying energy efficient Instructions limitations of your share of the S
commercial building expenses. corporation's deductions, credits, and
Other Schedules and Forms other items that can be deducted on your
return.
Reminders You May Have To File • Form 7205 to claim the deduction
• Schedule A (Form 1040) to deduct for qualifying energy efficient
Self-employed tax payments deferred interest, taxes, and casualty losses not commercial building expense(s).
from 2020. If you elected to defer related to your business. • Form 8082 to notify the IRS of any
self-employed tax payments from 2020, • Form 461 to report an excess inconsistent tax treatment for an item on
see How self-employed individuals and business loss. your return.
household employers repay deferred • Form 941 to report the employer • Form 8582 to apply a limitation to
Social Security tax. share and employee share of social your loss from passive activities.
Business meal expense. For a limited security tax and Medicare tax, withheld • Form 8824 to report like-kind
time, business meals are 100% deducti- federal income tax, and, if applicable, exchanges.
ble under certain conditions. See Line 6, withheld Additional Medicare Tax. • Form 8826 to claim a credit for
later, for more information. • Form 944 for smallest employers expenditures to improve access to your
(those whose annual liability for social business for individuals with disabilities.
Excess business loss limitation. If you security, Medicare, and withheld federal
report a loss on line 26, 32, 37, or 39 of income taxes is $1,000 or less) to file • Form 8873 to figure your
your Schedule E (Form 1040), you may and pay these taxes only once a year extraterritorial income exclusion.
be subject to a business loss limitation.
instead of every quarter.
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Dec 6, 2022 Cat. No. 24332T