Introduction to Schedule E Self-Study


If your client earns rental income on a home or building they own, receives royalties or has income reported on a Schedule K-1 from a partnership or S corporation, you must prepare a Schedule E with their return. Schedule E (Form 1040), Supplemental Income and Loss, is for reporting residential rental income and expenses, as well as pass-through items from S corporations, partnerships, estates, and trusts. With this course, you’ll gain a basic understanding of Schedule E.


Upon completion of this course, you will be able to:

  • Identify passive loss limitations and exceptions.
  • Determine eligibility for the special $25,000 loss allowance.
  • Recognize who meets the qualifications of a real estate professional.
  • Summarize the treatment of current and suspended passive losses upon disposition of a passive activity.
  • Apply the vacation home rules.
  • Identify the type of activities reported on Schedule E.
  • Identify and report rental income and allowable rental expenses.
  • Determine the depreciable basis of property used in a rental activity.
  • Interpret the information provided on Schedule K-1 and enter the information appropriately on Schedule E.

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.


Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

Self-study courses and exams generally expire one year from the date of purchase. The AFTR course expires on December 31 of each year as required by the IRS.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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