Investopedia / Mira Norian Individual taxpayers use Form 1040 ... types of additional income or losses. This supplemental financial activity includes real estate rental income, royalties ...

If you own real estate, you know your rental income needs to be reported on your federal income tax return. However ... during a significant event, for example, and any money earned from the ...

you’ll report your rental income and expenses on Schedule E of Form 1040. This is true even if your rental income comes from a “trade or business activity” per IRS definitions. The main ...