The Internal Revenue Service (IRS) is in the process of issuing tax refunds to those who filed their returns last month ...

Schedule E is a tax form used to report rental property income and expenses. Here’s what you should know.

If you own rental property, you’ll need to file a Schedule E tax form with the IRS to report rental income income or losses. Schedule E is filed along with your Form 1040 individual income tax ...

In our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers readers' questions on tax deductions and ...

Covers nonrefundable and refundable credits not on Form 1040, like education credits, residential energy credits, or excess Social Security tax withheld. Schedule A – Itemized Deductions ...

Ensure a smooth tax filing process by knowing what documents you need. Our comprehensive guide covers essential tax documents for individuals and small businesses ...

After completing Schedule E, figuring the rental income minus the deductible expenses, the total income or loss from the property is carried to Form 1040, line 17.

Check the 1040 for Self-employed SEP, SIMPLE, and qualified plans. Investigate any amounts included on the 1040 as a “Penalty on early withdrawal of savings.” Look at Schedule K-1 – Partner’s Share of ...

The IRS Schedule E is a supplementary form that must be filed with Form 1040 by taxpayers who have rental property income. The IRS Schedule E is one of the most challenging tax forms to complete ...

Form 1040 is the main tax form used to file a U.S. individual income tax return. The 1040 shows income, deductions, credits, tax refunds or tax owed to the IRS.