How to Fill out Schedule E Income Tax Form For Your Rental Property! 🧾 🏠 - Very Detailed

How to Fill out Schedule E Tax Form For Your Rental Property. Rental real estate and taxes. Rental property tax reporting.

***This video is made for educational purposes and should not be taken as tax advice*** I hope you all enjoy this free tutorial I put together. Once you learn the power of real estate investing and taxes it's hard to go back. Real estate is the investment of the rich, and for these tax reasons you can see why. Thank you for supporting my work by dropping a like/commenting and subscribing.

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Free Profit and loss template can be found here. Just modify it for your business or rental property:https://www.dropbox.com/scl/fi/ekuf3s4n8nxuw7n2szufz/Profit-and-Loss-Statement-Money-and-Life-TV.xlsx?dl=0&rlkey=ol16d3edv7smweg5bpwwz2d0p

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⌚ Time Stamps so you can jump to any point in the video
► 1:18 Filling out Schedule E Part 1 1099s, and fair rental days (1:18)
► 4:35 Filling out Schedule E Part 2 (Income and expenses lines 3 - 20
► 8:29 Lets discuss depreciation basics for rentals
► 14:27 Calculating net income for rental (Passive Income vs Passive losses)
► 16:30 Tracking your rental income expenses
► 20:00 How Schedule E impacts the rest of your taxes
► 22:00 The magic of rental real estate.

🎥 Our Complete tax video library: https://www.youtube.com/watch?v=-O1SWSdWTGE&list=PLSofnwEEZdUwO76397C824IRz5xofXEQz

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Видео How to Fill out Schedule E Income Tax Form For Your Rental Property! 🧾 🏠 - Very Detailed канала Money and Life TV