Get Financial Statement Schedule B Name: Docket No - Mass

Filling out the FINANCIAL STATEMENT SCHEDULE B is an essential step for accurately reporting your financial situation related to rental income and expenses. This guide will provide you with clear, detailed instructions to complete the form online with confidence.

Follow the steps to complete your financial statement schedule

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering your name in the designated field at the top of the form.
3. Next, find the section labeled 'RENT FROM INCOME PRODUCING PROPERTY.' Here, you will input your total annual rent received.
4. Proceed to enter your annual rental expenses by filling out the various fields provided. This includes amounts for advertising, motor vehicle and travel, insurance, cleaning and maintenance, commissions, interest on mortgage, legal and professional services, repairs, supplies, taxes, utilities, wages, and any other expenses. Be sure to describe any other expenses in the specified areas.
5. Once all expenses are entered, calculate the total annual expenses and input this figure in the respective field.
6. Next, you’ll need to calculate your total weekly rental income by taking the gross rent received and subtracting total annual expenses, then dividing this amount by 52. Record this amount in the appropriate section as indicated.
7. Finally, review all your entries for accuracy. Once confirmed, you can save changes, download, print, or share the completed form as needed.

Complete your FINANCIAL STATEMENT SCHEDULE B online for efficient management of your financial documents.