IRS 8825 2000 free printable template

Combine lines 17 through 20a. Enter the result here and on Form 1065 or 1120S Schedule K line 2 or Form 1065-B Part I line 4 For Paperwork Reduction Act Notice see back of form. Cat. No. 10136Z Form 8825 2000 Page E F G H Instructions Section references are to the Internal Revenue Code.

How to fill out IRS 8825

How to fill out IRS 8825

1. Begin by entering the name of the partnership or LLC at the top of the form.
2. Fill out the address of the partnership or LLC next.
3. Provide the Employer Identification Number (EIN) in the designated field.
4. In Part I, report the income received from rental activities on line 1.
5. On lines 2 through 4, list any other income sources related to rental activities.
6. Complete Part II by reporting the total expenses associated with rental properties, including repairs, maintenance, and other operating costs.
7. Fill out the property lines in Part III, detailing each rental property's income and expenses separately.
8. Finally, calculate the net rental income or loss for each property and summarize in the final section.

Who needs IRS 8825?

1. IRS 8825 is needed by partnerships and multi-member LLCs that have income or losses from rental real estate properties.

• Who needs Form 8825?
• What is the purpose of Form 8825?
• What documents must accompany Form 8825?
• When is Form 8825 due?
• • What information should be provided in the Form 8825?
  • What do I do with the form after its completion?

Who needs Form 8825?

This form is completed by partnerships and S corporations to report income, expenses, and deductible expenses from various real estate activities. For example, if a partnership or S corporation owns an apartment building and rents out apartments in it to individuals or other business entities, it should complete this form.

What is the purpose of Form 8825?

This IRS form is used to report the rental income of the partnerships and S corporations. The information is essential for a tax return and IRS officials will use it to calculate the amount of tax the partnership or S corporation should pay for a specific fiscal year.

What documents must accompany Form 8825?

This schedule is attached to Form 1065, Form 1065-B (Return of Partnership income) or Form 1120S (Corporation Income Tax return) depending on the type of the business.

When is Form 8825 due?

This form should be filed with the IRS when it is time to submit the related tax forms, 1065 or 1120S. The estimated time for completing this form is two hours. More time is required to collect all the necessary information and to file the form with the IRS.

What information should be provided in the Form 8825?

The taxpayer should add the following information:

• Name of the taxpayer
• Employer identification number
• Address of the property
• Rental real estate income (gross rents)
• Rental real estate expenses (advertising; auto and travel; insurance; taxes; wages and salaries; legal and other professional fees; cleaning and maintenance; commissions)
• Type of real estate property (single family residence; multi-family residence; commercial; land, etc.)

What do I do with the form after its completion?

The completed form should be filed with the local IRS office together with other required forms and schedules.

 

People Also Ask about

What is Schedule 8825?

Partnerships and S corporations use Form 8825 to report income and deductible expenses from rental real estate activities, including net income (loss) from rental real estate activities that flow through from partnerships, estates, or trusts.

Does an 1120 have a 8825?

For 1120S and 1065 returns, two forms are available for entry of rental income: The 8825 screen is used to enter income and expenses from rental real estate. The RENT screen is used to enter rental income from sources other than real estate, such as equipment rental.

What is a form 8825 for rental income?

Partnerships and S corporations use Form 8825 to report income and deductible expenses from rental real estate activities, including net income (loss) from rental real estate activities that flow through from partnerships, estates, or trusts.

Is Schedule E same as 8825?

An 8825 form is officially called a Rental Real Estate Income and Expenses of a Partnership or an S Corp. In plain English, it is the company version of the Schedule E rental real estate form we often see.

Is form 8825 the same as schedule E?

Form 8825 is very similar to the Schedule E that an individual owner with sole title would use to file their rental income taxes.

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What is IRS 8825?

IRS Form 8825 is a form used by partnerships and multi-member LLCs to report income, deductions, and losses from rental real estate activities.

Who is required to file IRS 8825?

Partnerships, multi-member LLCs, and S Corporations that have rental real estate income or losses must file Form 8825.

How to fill out IRS 8825?

To fill out IRS 8825, you need to provide information about each rental property, including gross rents, allowable expenses, and the net income or loss for each property, along with the total for all properties.

What is the purpose of IRS 8825?

The purpose of IRS 8825 is to report the income, expenses, and losses from rental real estate activities for tax purposes, helping the IRS track partnership and multi-member LLC income.

What information must be reported on IRS 8825?

IRS 8825 requires reporting of information such as the name and address of each rental property, gross rents collected, operating expenses, depreciation, and the net income or loss for each property.