Examlex
_____ is the single most important source of capital for most new companies.
Rental Income
Income received from renting out property, such as real estate or personal property, which must be reported on tax returns and is subject to income tax.
Tax Year
The 12-month period for which tax is calculated. It can be a calendar year or a fiscal year, depending on the taxpayer.
Depreciation Expense
A non-cash expense that reduces the value of an asset over time due to wear and tear, ageing, or obsolescence.
Schedule E
Schedule E is a form used for tax filing in the U.S. that reports income and losses from rental property, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs.
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