Form 8825 is a tax form used to report income and expenses for rental real estate that is owned by either a partnership or an s-corp. This form, better known as a Rental Real Estate Income and Expenses of a Partnership or S Corporation, can list up to eight separate properties. The form includes information about income and expenses for each property and may help the qualifying organization receive certain tax breaks.
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This form is related to tax filing and reporting in the United States. It will be recorded by the Internal Revenue Service. A Form 8825 is also called a Rental Real Estate Income and Expenses of a Partnership of S Corporation. This form is only used by partnerships and S corporations that engage in rental real estate activities during the tax year.
A company can list up to 8 different properties on this form. The filer will need to list the income generated from these properties, as well as the tax-deductible expenses related to the rentals. This net income and losses will determine the amount of taxes that will be owed on the properties, so be sure to accurately include everything. The financial information may also help the filer qualify for certain tax breaks.
Form 8825 is meant to be attached to Form 1065 or Form 1120S.
To complete a Form 8825, you will need to provide the following information:
