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Enter the type and complete address of each rental real estate property, and/or each source of royalty income. See the instructions. Type. Description of Schedule IL-E/EIC, Illinois Exemption and Earned Income Credit, provides instruction for you to figure the total amount of dependent. In order to complete Schedule E, you may need to first compute your modified federal income tax deduction on Schedule H if you claimed federal disaster reliefIRS Schedule E is a catchall form for several types of income. You need to attach Schedule E to your Form 1040 (or Form 1040NR) if you earn rental income, Enter in each line below the total amount from each corresponding line from Schedule(s) E-1. Income. 5 Fill in oval if showing a loss. 1 Rents received . . Reporting of royalties should be done separately from rental income using different columns on Schedule E. EXPENSES. Enter rental and royalty expenses for each