Schedule "E" Expense


A

Anthony

I have a schedule "E" expense in 2003 for a rental property
I disposed of and reported the sale on my 2002 tax return.
Can that expense be the one and only entry on the
schedule"E" for 2003?? Should I included the 1099 for the
expense with my filing??
 
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P

Paul A. Thomas

Anthony said:
I have a schedule "E" expense in 2003 for a rental property
I disposed of and reported the sale on my 2002 tax return.
Can that expense be the one and only entry on the
schedule"E" for 2003?? Should I included the 1099 for the
expense with my filing??
If you had some rental property, sold it in 2002, and for
some reason, paid the final expenses of the RENTAL activity
in 2003, then there would be a 2003 entry on Schedule E.
I'd also attach an explanation that it was for some 'final'
expenses of the rental activity.

Now, if it was paying for a SALES expense (a cost to sell
the property), then it sounds like a Schedule D entry is
appropriate.
 

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