Which IRS schedule lists rental income and operating expenses for real estate properties?

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Rental income and the operating costs of real estate properties are reported on Schedule E (Supplemental Income and Loss) attached to Form 1040. Schedule E is used specifically to document rents received and the ordinary and necessary expenses of maintaining and managing rental property, such as mortgage interest, property taxes, insurance, maintenance and repairs, property management fees, utilities paid by the landlord, and depreciation. The net result—income minus expenses—flows to Form 1040 as part of your total income. This differs from Schedule C, which reports income from a business you actively run, Schedule F for farming, and Schedule A, which is for itemized deductions rather than rental activity. For example, if you collect $12,000 in rent and have $4,000 in deductible expenses, your net rental income on Schedule E would be $8,000.