Go to the IRS Web site (www.irs.gov) and print Schedule E: Supplemental Income and Loss. Use the following information to complete this form.
Gillian rented her vacation home for 60 days during the year receiving $6,900 in rental income. She used the property herself for 15 days. Her total expenses include: $4,000 mortgage interest, $2,000 property taxes, $500 utilities, $400 insurance, $200 cleaning, $700 annual depreciation, and a $600 rental commission paid to the real estate agent who found the tenant.