D& E - revenue alabama 2025

1. Click 'Get Form' to open it in the editor.
2. Begin with Schedule D. Enter your name(s) as shown on Form 40 and your social security number. For each property sold, fill in the kind of property, date acquired, date sold, amount received, allowable depreciation since acquisition, cost or other basis, and any subsequent improvements.
3. Calculate the net profit or loss by subtracting the total of columns f and g from columns d and e. Enter this total on line 1 of Schedule D.
4. Next, move to Schedule E. Again, enter your name(s) and social security number. List each rental property along with its location.
5. Indicate if you or your family used the property for personal purposes during the tax year. Fill in rents received and royalties for each property.
6. Complete the expenses section by detailing advertising costs, travel expenses, maintenance fees, insurance, legal fees, management fees, mortgage interest, repairs, supplies, taxes, utilities, and any other relevant costs.
7. Add up all expenses to find total expenses. Subtract this from your total income to determine income or loss for each property.
8. Finally, review all entries for accuracy before printing or downloading your completed forms for submission.

Start using our platform today to fill out your D& E - Revenue Alabama form online for free!