Discuss in detail, the Schedule E for the form 1040 (such as types of deductions, revenues, businesses/enterprises that report income here). Also address what is a K-1 and how that is used in conjunction with the Sch E. Who uses it, how and where is the income from this schedule E report on the form 1040 and who is ultimately taxed on this income.

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The types of deduction on Schedule E are as follows 1 Expens... View the full answer