Taxes for Landlords 4: Putting it all together on a Schedule E.

This video takes all you've learned in the first three episodes of this series and uses that knowledge to complete a Schedule E. You'll find out where all the income and expense items are listed on the Schedule, and how to figure out profit (or loss) for each rental property.

Other videos on rental property:
Rental Income:    • Taxes for Landlords, Part 1: What is ...  
Rental expenses:    • Taxes for Landlords, part 2:  Rental ...  
Rental property depreciation and amortization:    • Taxes for landlords, part 3 - Depreci...  
Rental Loss Limitations:    • Taxes For Landlords: Rental loss limi...  
Selling Rental Property:    • Taxes for Landlords, pt. 5: Selling a...  

Additional resources and information:

IRS Publication 946 "How to Depreciate Property": https://www.irs.gov/pub/irs.pdf/p946.pdf

IRS Form 4562 "Depreciation and Amortization": https://www.irs.gov/pub/irs-pdf/p946.pdf

IRS Publication 527: "Residential Rental Property": https://www.irs.gov/pub/irs-pdf/p527.pdf

IRS Schedule E: "Supplemental Income and Loss": https://www.irs.gov/pub/irs.pdf/f1040...

If you want to know the every day basics of how to be a landlord, web articles aren't going to help much. However, there are dozens of books on the subject available at Amazon.com, your local bookstore, or your local library.

The book I've used is: The Weekend Landlord, by Joseph A. Landon, 2006. It was in its 2nd edition when I bought it, but it may've been updated since then. It is still available through Amazon, if you're interested.

The Tax Geek on Twitter: @taxgeekusa

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Image Attribution:

Wikimedia Commons (C.C-S.A. 2.0-4.0)
NatGeoLover
Joe Ravi

Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library

Background and Outro Music: George Street Shuffle, Kevin McLeod, http://incompetech.com via YouTube Audio Library

DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or investment advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or investment professional.

The tax information in this video is based on tax law and IRS regulations in place when this video was published, and is subject to the whims of Congress.