HomeMy WebLinkAbout20210598 Driscoll Use Variance Schedule E (3) Schedule E Schedule E Worksheet 2020
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Name(s)shown on return Social Security No.
Jos elp D & Pa mela J Dris col 1 5
General Information:
Property description 169 WashinAon
Property type. . 1 Single Family Residence If type is other,enter a description. .
Location (street address) 169 Wa daington St.
City Sa ratoga Sp rings State . . . . NY ZIP code . . . . 12866
If a foreign address: Foreign province or state .
Foreign postal code . . . . Foreign country . . . .
Complete For All Properties:
Did you make any payments that would require you to file Form(s) 1099? Yes No X
If yes, did you or will you file all required Form(s)1099? Yes No
Complete For All Rental Properties:
Days rented at fair rental value. . . ___ 366 Days of personal use 0
Check All That Apply:
A Owned by spouse B Owned jointly. . . . . . . . . . . . . . . . . . X
C Active participation X D Material participation. . . . . . . . . . . . . . X
E Qualified joint venture F Some investment is not at risk
G Other passive exceptions H Complete taxable disposition —See Help . .
Trade or business not subject to net investment income tax
I Treat all MACRS assets for this activity as qualified Indian reservation property? . . Yes No X
J Treat all assets acquired after August 27,2005 as
qualified GO Zone property? Regular Extension No X
K Treat all assets acquired after May 4,2007 as
qualified Kansas Disaster Zone property? . . . . . . . . . . . . . . . . . . . . . . . . Yes No X
L Was this activity located in a Qualified Disaster Area? . . . . . . . . . Yes No X
M Reserved for future use
Ownership Percentage:
N Check to allocate income and expenses using ownership percentage
O Enter ownership percentage
Owner-Occupied Rentals:
P Check to allocate personal use items to Schedule A
Q Percentage of rental use
Vacation Home or Property with Personal Use Days:
R Check to allocate interest and taxes using the Tax Court Method
S Number of days property owned if less than the entire year . . . . . . . . . . . . . . . . . . . . . .
Property Location Page 2
169 Washington St. , Saratoga Springs , NY 12866
Income % if Different Total
3 Enter rental income (not reported elsewhere). . . . 16,200.
Rental income from Form 1099-MISC
Rental income from Form 1099-K
Rental Income from Cancellation of Debt Wks . .
Total rents received 16,200. 100.000000 16,200.
4 Enter royalties received (not reported elsewhere)
Royalty income from Form 1099-MISC
Royalty income from Form 1099-K
Royalty Income from Cancellation of Debt Wks. .
Royalty Income from Schedule K-1
Total royalties received
(a) (b) (c) (d) (e)
Expenses Total Enter% Reported On Vacation Allocated to
if not Schedule E Home Loss Personal
100.00 Limitation use
5 Advertising 0. 0.
6 a Auto 1, 078. 1, 078.
b Travel 0. 0.
7 Cleaning and maint . . 63. 63.
8 Commissions 0. 0.
9 a Mort insur qualified . .
From Form 1098 import
Total mort insur qual .
b Other Insurance . . . . 1, 141 . 1, 141 .
10 Legal&other prof fees 72 . 72 .
11 Management fees . . . 0. 0.
rr
12 a Mortgage int qualified .
From Form 1098 import
Total mort int qualified
b Mort int other
From Form 1098 import
Total mort int other. .
13 Other interest 0. 0.
14 Repairs 4,340. 4,340.
15 Supplies 70. 70.
16 a Real estate taxes . . . 9, 763.
From Form 1098 import
Total real estate taxes 9, 763. 9, 763.
b Other taxes 0. 0.
17 Utilities 1,335. 1,335.
18 a Depreciation 5,362 . 5,362 .
b Depletion
c Depreciation carryover
19 Other expenses . . . .
a
b
c
d
e Indirect operating exp .
f Operating exp carryover
g Vehicle rental
h Amortization
20 Add lines 5 through 19 23,224 . 23,224 .
21 Income or(loss) —7, 024 .
22 Deductible rental real estate loss —7, 024 .