Schedule E
Schedule E is the IRS form (attached to Form 1040) where owners report supplemental income and loss from rental real estate and royalties. Each property gets a column, with rental income at the top and deductible expenses below.
What goes on it
- Rents received for the year.
- Operating expenses: management fees, repairs, insurance, taxes, utilities, and more, on their own lines.
- Depreciation on line 18, the annual write-down of the building cost.
- The net result, income or loss, that flows to the owner return.
Where the numbers come from
Every figure on Schedule E traces back to real transactions: rent collected, fees taken, expenses paid, and depreciation booked. When those transactions live in one system, the schedule assembles itself. AXYS categorizes each payment and expense to the right Schedule E line from the live ledger, and books depreciation to line 18, so the owner package is ready without a year-end rebuild.
Does each property get its own Schedule E column?
Yes. Schedule E has separate columns per property so income, expenses, and depreciation are tracked individually before rolling up.
What is on Schedule E line 18?
Depreciation expense: the portion of the building cost recovered for the year, most commonly straight-line over 27.5 years for residential rental property.
Run the numbers in one system
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