Federal Rental Real Estate Income and Expenses of a Partnership or an S Corporation
Extracted from PDF file 2020-federal-form-8825.pdf, last modified November 2018
Rental Real Estate Income and Expenses of a Partnership or an S Corporation8825 Form (Rev. November 2018) Rental Real Estate Income and Expenses of a Partnership or an S Corporation Department of the Treasury Internal Revenue Service Employer identification number Name 1 OMB No. 1545-0123 Attach to Form 1065 or Form 1120S. ▶ Go to www.irs.gov/Form8825 for the latest information. ▶ Show the type and address of each property. For each rental real estate property listed, report the number of days rented at fair rental value and days with personal use. See instructions. See page 2 to list additional properties. Type—Enter code 1–8; Physical address of each property—street, city, state, Fair Rental Days Personal Use Days see page 2 for list ZIP code A B C D Properties Rental Real Estate Income 2 Gross rents . . . . . . . 3 4 5 6 7 8 9 10 11 12 13 14 15 Rental Real Estate Expenses Advertising . . . . . . . Auto and travel . . . . . Cleaning and maintenance . . Commissions . . . . . . Insurance . . . . . . . Legal and other professional fees Interest (see instructions) . . Repairs . . . . . . . . Taxes . . . . . . . . Utilities . . . . . . . . Wages and salaries . . . . Depreciation (see instructions) Other (list) ▶ A B C D 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Total expenses for each property. Add lines 3 through 15 . . . 16 17 Income or (loss) from each property. Subtract line 16 from line 2 . . 17 18a Total gross rents. Add gross rents from line 2, columns A through H . . . . . . . . . . b Total expenses. Add total expenses from line 16, columns A through H . . . . . . . . . 19 Net gain (loss) from Form 4797, Part II, line 17, from the disposition of property from rental real estate activities . . . . . . . . . . . . . . . . . . . . . . . . . . . 20a Net income (loss) from rental real estate activities from partnerships, estates, and trusts in which this partnership or S corporation is a partner or beneficiary (from Schedule K-1) . . . . . . b Identify below the partnerships, estates, or trusts from which net income (loss) is shown on line 20a. Attach a schedule if more space is needed. (1) Name ) 19 20a (2) Employer identification number 21 Net rental real estate income (loss). Combine lines 18a through 20a. Enter the result here and on: • Form 1065 or 1120S: Schedule K, line 2 For Paperwork Reduction Act Notice, see instructions. 18a 18b ( Cat. No. 10136Z 21 Form 8825 (Rev. 11-2018) Form 8825 (Rev. 11-2018) 1 Page 2 Show the type and address of each property. For each rental real estate property listed, report the number of days rented at fair rental value and days with personal use. See instructions. Type—Enter code 1–8; Physical address of each property—street, city, state, Fair Rental Days Personal Use Days see below for list ZIP code E F G H Properties Rental Real Estate Income 2 Gross rents . . . . . . . 3 4 5 6 7 8 9 10 11 12 13 14 15 Rental Real Estate Expenses Advertising . . . . . . . Auto and travel . . . . . Cleaning and maintenance . . Commissions . . . . . . Insurance . . . . . . . Legal and other professional fees Interest (see instructions) . . Repairs . . . . . . . . Taxes . . . . . . . . Utilities . . . . . . . . Wages and salaries . . . . Depreciation (see instructions) Other (list) ▶ E F G H 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Total expenses for each property. Add lines 3 through 15 . . . 16 17 Income or (loss) from each property. Subtract line 16 from line 2 . . 17 Allowable Codes for Type of Property 1—Single Family Residence 2—Multi-Family Residence 3—Vacation or Short-Term Rental 4—Commercial 5—Land 6—Royalties 7—Self-Rental 8—Other (include description with the code on Form 8825 or on a separate statement) Form 8825 (Rev. 11-2018) Form 8825 (Rev. 11-2018) General Instructions Section references are to the Internal Revenue Code. Future Developments For the latest information about developments related to Form 8825 and its instructions, such as legislation enacted after they were published, go to www.irs.gov/Form8825. Which Version To Use Use this November 2018 revision of Form 8825 for tax years beginning in 2018 or later, until a later revision is issued. Use prior revisions of this form for earlier tax years. All revisions are available at www.irs.gov/Form8825. What’s New • The Tax Reform Act of 2017 amended section 163(j) to reflect a limitation on business interest expense. For tax years beginning after December 31, 2017, business interest expense may be limited for certain taxpayers. See the instructions for line 9. • The Bipartisan Budget Act of 2015 repealed the electing large partnership rules for tax years beginning after 2017. As a result, the references to Form 1065-B, U.S. Return of Income for Electing Large Partnerships, were removed. Page owns two apartment buildings, each located in a different city. For purposes of the passive activity limitations, the partnership grouped both buildings into a single activity. Although the partnership has only one rental real estate activity for purposes of the passive activity limitations, it must report the income and deductions for each building in separate columns. However, if the partnership or S corporation has more than one rental real estate activity for purposes of the passive activity limitations, attach a statement to Schedule K that reports the net income (loss) for each separate activity. Also, attach a statement to each Schedule K-1 that reports each partner’s or shareholder’s share of the net income (loss) by separate activity. See Passive Activity Reporting Requirements in the instructions for Form 1065 or Form 1120S for additional information that must be provided for each activity. Complete lines 1 through 17 for each property. But complete lines 18a through 21 on only one Form 8825. The figures on lines 18a and 18b should be the combined totals for all forms. Do not report on Form 8825 any of the following. • Income or deductions from a trade or business activity or a rental activity other than rental real estate. These items are reported elsewhere. Purpose of Form • Portfolio income or deductions. 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. • Section 179 expense deduction. Before completing this form, be sure to read the following. • Passive Activity Limitations in the instructions for Form 1065 or Form 1120S, especially for the definition of “rental activity.” • Extraterritorial Income Exclusion in the instructions for Form 1065 or 1120S. Specific Instructions • Other items that must be reported separately to the partners or shareholders. • Commercial revitalization deductions. Line 1. For each property, give the street address, city or town, and zip code. If the property is located outside the United States, give the postal code and country. Specify the type of property by entering one of the following codes in the “Type” column. Codes 1—Single Family Residence 2—Multi-Family Residence 3—Vacation or Short-Term Rental Form 8825 provides space for up to eight properties. If there are more than eight properties, attach additional Forms 8825. 4—Commercial The number of columns to be used for reporting income and expenses on this form may differ from the number of rental real estate activities the partnership or S corporation has for purposes of the passive activity limitations. For example, a partnership 7—Self-Rental 5—Land 6—Royalties 8—Other (include description with the code on Form 8825 or on a separate statement) 3 For each property, enter the number of days rented at fair rental value and days with personal use. For details, see section 280A. Line 9. Your interest expense may be limited. See the instructions for Form 8990, Business Interest Expense Limitation Under Section 163(j), for more information. Line 14. The partnership or S corporation may claim a depreciation deduction each year for rental property (except for land, which is not depreciable). If the partnership or S corporation placed property in service during the current tax year or claimed depreciation on any vehicle or other listed property, complete and attach Form 4562, Depreciation and Amortization. See Form 4562 and its instructions to figure the depreciation deduction. Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103. The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden for business taxpayers filing this form is approved under OMB control number 1545-0123 and is included in the estimates shown in the instructions for their business income tax return. If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would be happy to hear from you. See the instructions for the tax return with which this form is filed.
Form 8825 (Rev. November 2018)
More about the Federal Form 8825 Corporate Income Tax TY 2020
We last updated the Rental Real Estate Income and Expenses of a Partnership or an S Corporation in July 2021, so this is the latest version of Form 8825, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form 8825 directly from TaxFormFinder. You can print other Federal tax forms here.
Other Federal Corporate Income Tax Forms:
|Form Code||Form Name|
|1040 (Schedule B)||Interest and Ordinary Dividends|
|Form 1040||U.S. Individual Income Tax Return|
|1120-S (Schedule K-1)||Shareholder’s Share of Income, Deductions, Credits, etc.|
|Form 1095-B||Health Coverage|
|Form 1120-H||U.S. Income Tax Return for Homeowners Associations|
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 8825 from the Internal Revenue Service in July 2021.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Federal Form 8825
We have a total of eight past-year versions of Form 8825 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
Form 8825 (Rev. November 2018)
Form 8825 (Rev. November 2018)
Form 8825 (Rev. November 2018)
Form 8825 (Rev. September 2017)
Form 8825 (Rev. December 2010)
Form 8825 (Rev. December 2010)
While we do our best to keep our list of Federal Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.