1206810051
PA SCHEDULE E
Rent and Royalty
Income (Loss)
2012
PA-20S/PA-65 E
(05-12) (FI)
OFFICIAL USE ONLY
Copy PA-20S/PA-65 Schedule E to list additional properties.
START
Name as shown on the PA-20S/PA-65 Information Return
FEIN
9 DIGIT - NO DASH
Part A. Property Description Enter the address and type of each rental property and/or each source of royalty income. If the property is outside PA, fill in the oval.
A
B
C
D
Part B. (Enter amounts in whole dollars)
Property A
Property B
Property C
Property D
Income (As reported on federal Form 8825)
1 Rental income received . . . . . . . . . . . . . . 1
2 Royalty income received . . . . . . . . . . . . . 2
Expenses (As reported on federal Form 8825)
¢
¢
3 Automobile and travel . . . . . . . . . . . . . . . 3
¢
¢
4 Commissions . . . . . . . . . . . . . . . . . . . . . 4
¢
¢
5 Legal and professional fees . . . . . . . . . . . 5
¢
¢
6 Repairs . . . . . . . . . . . . . . . . . . . . . . . . . 6
¢
¢
7 Management fees . . . . . . . . . . . . . . . . . . 7
8 Advertising . . . . . . . . . . . . . . . . . . . . . . 8
9 Cleaning and maintenance . . . . . . . . . . . 9
10 Insurance . . . . . . . . . . . . . . . . . . . . . . .10
11 Interest . . . . . . . . . . . . . . . . . . . . . . . . .11
12 Taxes (not based on net income) . . . . . . .12
13 Utilities . . . . . . . . . . . . . . . . . . . . . . . . .13
14 Wages and salaries . . . . . . . . . . . . . . . .14
15 Depreciation expense . . . . . . . . . . . . . . .15
Important. PA PIT law does not permit any federal bonus depreciation and limits IRC Section 179 expensing. See the PA PIT Guide.
16 Other expenses (itemize): . . . . . . . . . . . .16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17 Total Expenses for Each Property –
Add Lines 3 through 16. . . . . . . . . . . . . .17
Income or Loss
18 Income – If Line 1 or 2 is greater than
Line 17. . . . . . . . . . . . . . . . . . . . . . . . . . . .18
19 Loss – If Line 1 or 2 is less than Line 17.
(fill in the oval). . . . . . . . . . . . . . . . . . . .19
LOSS
20 Income (loss) from property within Pennsylvania . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(If loss, fill in oval)
20
LOSS
21 Income (loss) from property outside Pennsylvania . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(If loss, fill in oval)
21
LOSS
22 Rent or royalty income (loss) from PA sources from PA Schedule(s) NRK-1. . . . . . . . . . . . . . . . . . . . . .(If loss, fill in oval)
22
LOSS
23 Rent or royalty income (loss) from sources outside PA from PA Schedule(s) RK-1 and NRK-1. . . . . . . . . .(If loss, fill in oval)
23
LOSS
24 Net rent and royalty income (loss) from PA sources. Add Lines 20 and 22. . . . . . . . . . . . . . . . . . . . . .(If loss, fill in oval)
24
LOSS
25 Net rent and royalty income (loss) from outside Pennsylvania. Add Lines 21 and 23. . . . . . . . . . . . . . . . .(If loss, fill in oval)
25
Note: Net gain (loss) from federal Form 4797, from the disposition of property from rental real estate activities must be reported on
PA-20S/PA-65 Schedule D.
Note: The sum of Lines 24 and 25 should generally agree to PA-20S/PA-65 Schedule M, Part A, Lines 2, 3 and 6, Column (f).
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1206810051
1206810051