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The Schedule E (Form 1040), Supplemental Income and Loss skill extracts data from a Schedule E supplement document to Forms 1040. A Schedule E is a document used by taxpayers in the United States to submit annual tax returns regarding incomes and losses from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in real estate mortgage investment conduits (REMICs). The Schedule E (Form 1040), Supplemental Income and Loss documents may be submitted alongside a Form 1040 when reporting income and loss. The Schedule E (Form 1040), Supplemental Income and Loss skill is a preview skill. It has been trained on a limited set of documents and is designed to help you quickly get started with processing Schedule E documents. For production use, you may need to uptrain the skill with your own document samples. This skill recognizes handwritten text. The option is enabled by default. If you do not import handwritten forms, disable the Handwritten option in the skill settings.

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Countries and Languages

CountriesLanguages
USAEnglish

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Extracted Fields

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Basic Information

FieldDescription
FormThe Form 1040 supplement type (e.g., 1040 Schedule E).
YearThe reporting fiscal year.
Name(s) Shown on ReturnThe name of the taxpayer.
Social Security Number (SSN)The Social Security Number of the taxpayer.

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Form 1099 Requirements

FieldDescription
Any Payments during This YearSpecifies whether any payments requiring a Form 1099 to be submitted were carried out during the reporting year. Possible values: Yes, No.
Did You or will You File Required Forms 1099Specifies whether the required Forms 1099 have been or will be submitted. Possible values: Yes, No. This field is filled in if the value in Any Payments during This Year is Yes.

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Key Fields

  • Year
  • Social Security Number (SSN)

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Validation Rules

RuleDescription
FormSets the value of the Form field to “1040 Schedule E” if the corresponding string (“1040 Schedule E”) is detected in the document.