Schedules D& E (Form 40) - Alabama Net Profit Or Loss

Alabama Department of Revenue

Supplemental Income and Loss

SCHEDULE

XX001440

2014

(From Rental Real Estate, Royalties, Partnerships, S Corporations, Estates, Trusts, REMICs, etc.)

(FORM 40)

ATTACH TO FORM 40.

SEE INSTRUCTIONS FOR SCHEDULE E (FORM 40).

Name(s) shown on return

Your social security number

Income or Loss From Rental Real Estate and Royalties

PART I

Note: Report income and expenses from your business of renting personal property on Schedule C or C-EZ.

1 Show the kind and location of each Rental Real Estate Property:

2 For each rental real estate property

Yes No

listed on line 1, did you or your family

use it during the tax year for personal

purposes for more than the greater of:

• 14 days, or

• 10% of the total days rented at fair

rental value?

Properties

(Add Columns A, B, and C)

Totals

Income:

3 Rents received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Royalties received. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Expenses:

5 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Auto and travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Cleaning and maintenance . . . . . . . . . . . . . . . . . . . . . . . . .

8 Commissions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 Legal and other professional fees . . . . . . . . . . . . . . . . . . . .

11 Management fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 Mortgage interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 Other interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14 Repairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15 Supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17 Utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18 Other (list)

___________________________________

_______________________________________________

19 Add lines 5 through 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20 Depreciation expense or depletion . . . . . . . . . . . . . . . . . . .

21 Total expenses. Add lines 19 and 20 . . . . . . . . . . . . . . . . .

22 Income or (loss). Subtract line 21 from line 3 (rents) or

line 4 (royalties). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

23 Total Real Estate and Royalty income or (loss). Add columns A, B, and C from line 22 and enter the result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART II

(i)

(j)

Income from Partnerships, S Corporations, Estates and Trusts

(h)

Employer

Identification

Amount

(g)

Name and Address

Number

Check One

24 TOTAL INCOME FROM PARTNERSHIPS, S CORPORATIONS, ESTATES, AND TRUSTS. Add the amounts in column (j). Enter the

total here and include on line 25 below. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

25 TOTAL INCOME OR (LOSS). Combine lines 23 and 24. Enter the total here and on Form 40, page 2, Part I, line 6 . . . . . . . . . . . . . . . . . . . . . . . .

Schedule E (Form 40) 2014

ADOR

Schedules D& E (Form 40) - Alabama Net Profit Or Loss - 2014 Page 2

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