Instructions For Form 1120-Reit - 2009 (Page 7 of 17) in pdf

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The 2010 Form 1120-REIT is not

If the REIT has not received its EIN by

531110 – Lessors of Residential

available at the time the REIT is required

the time the return is due, enter “Applied

Buildings & Dwellings

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to file its return.

for” in the space for the EIN. For more

531114 – Cooperative Housing

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details, see the Instructions for Form

531120 – Lessors of Nonresidential

The REIT must show its 2010 tax year

SS-4.

Buildings (except Miniwarehouses)

on the 2009 Form 1120-REIT and take

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531130 – Lessors of Miniwarehouses &

Note. Only REITs located in the United

into account any tax law changes that are

Self-Storage Units

States or U.S. possessions can use the

effective for tax years beginning after

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531190 – Lessors of Other Real Estate

online application process.

December 31, 2009.

Property

Item D. Date REIT

Name and Address

Established

Part I—Real Estate

Enter the REIT’s true name (as set forth

in the charter or other legal document

If the REIT is a corporation under state or

Investment Trust Taxable

creating it), address, and EIN on the

local law, enter the date incorporated. If it

appropriate lines. Include the suite, room,

Income

is a trust or association, enter the date

or other unit number after the street

organized.

Include in Part I the REIT’s share of gross

address. Enter the address of the REIT’s

income from partnerships in which the

principal office or place of business. If the

Item E. Total Assets

REIT is a partner, and the deductions

Post Office does not deliver mail to the

attributable to the gross income items.

Enter the REIT’s total assets (as

street address and the REIT has a P.O.

See Regulations section 1.856-3(g).

determined by the accounting method

box, show the box number instead.

regularly used in keeping its books and

Real estate investment trust taxable

Note. Do not use the address of the

records) at the end of the tax year. If

income does not include the following:

registered agent for the state in which the

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there are no assets at the end of the tax

Gross income, gains, losses, and

corporation is incorporated. For example,

year, enter -0-.

deductions from foreclosure property

if a business is incorporated in Delaware

(defined in section 856(e)). If the

or Nevada and the corporation’s principal

Item F. Final Return, Name

aggregate of such amounts results in net

office is located in Little Rock, AR, the

income, report these amounts in Part II.

Change, Address Change,

corporation should enter the Little Rock

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Income or deductions from any

address.

or Amended Return

prohibited transaction (defined in section

If the REIT receives its mail in care of

857(b)(6)) resulting in a gain. Report

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If this is the REIT’s final return, and it

a third party (such as an accountant or an

these amounts in Part IV.

will no longer exist, check the “Final

attorney), enter on the street address line

return” box. See the instructions for

Income

“C/O” followed by the third party’s name

Termination of Election.

and street address or P.O. box.

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Line 1. Dividends. Enter the total

If the REIT has changed its name since

amount of dividends received during the

it last filed a return, check the box for

Item B. 100%-owned

tax year.

“Name change.” Generally, a REIT also

must have amended its articles of

Line 2. Interest. Enter taxable interest

Subsidiaries and Personal

incorporation and filed the amendment

on U.S. obligations and on loans, notes,

Holding Companies

with the state in which it was

mortgages, bonds, bank deposits,

incorporated.

corporate bonds, tax refunds, etc. Do not

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REITs with 100%-owned

If the REIT has changed its address

offset interest expense against interest

Subsidiaries

since it last filed a return (including a

income. Special rules apply to interest

change to an “in care of” address), check

income from certain below-market-rate

Check this box if this return is filed for a

the box for “Address change.”

loans. See section 7872 for details.

REIT with 100%-owned REIT subsidiaries

under section 856(i). These subsidiaries

Note. If a change in address occurs after

Note. Report tax-exempt interest income

are not treated as separate corporations.

the return is filed, use Form 8822,

on Form 1120-REIT, Schedule K, item 8.

Change of Address, to notify the IRS of

Do not include tax-exempt interest on line

Do not check this box for a taxable

the new address.

2. Also, if required, include the same

REIT subsidiary. See the instructions for

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amount on Schedule M-1, line 7.

If the REIT is amending its return,

Taxable REIT Subsidiaries.

check the box for “Amended Return,”

Line 3. Gross rents. Include the

Personal Holding Companies

complete the entire return, correct the

following:

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appropriate lines with the new

Personal holding companies must attach

Charges for customary services that

information, and refigure the REIT’s tax

to Form 1120-REIT a Schedule PH (Form

may qualify as rents from real property

liability. Attach a statement that explains

1120), U.S. Personal Holding Company

are described in Regulations section

the reason for the amendments and

(PHC) Tax. See the Instructions for

1.856-4(b)(1). Services customarily

identifies the lines being changed on the

Schedule PH (Form 1120) for details.

furnished to tenants of a REIT include

amended return.

parking facilities. See Rev. Rul. 2004-24,

Item C. Employer

2004-10 I.R.B. 550, for guidance to

Item G. Type of REIT

determine whether amounts received by a

Identification Number (EIN)

Check the appropriate box to indicate

REIT that provides parking facilities at its

Enter the REIT’s EIN. If the REIT does

whether you are filing a return for a

rental real properties qualify as rents from

not have an EIN, it must apply for one. An

real property.

“Mortgage REIT” or an “Equity REIT.” If

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EIN may be applied for:

the primary source of gross receipts is

Rent from personal property leased

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Online — Click on the EIN link at www.

under or with a lease of real property (but

derived from mortgage interest and fees,

irs.gov/businesses/small. The EIN is

only if the rent from the personal property

check the “Mortgage” box. Otherwise,

issued immediately once the application

check the “Equity” box.

does not exceed 15% of the total rent for

information is validated.

the tax year charged for both the real and

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Item H. PBA Code (Equity

By telephone at 1-800-829-4933 from

personal property under such lease).

7:00 a.m. to 10:00 p.m. Monday through

Figure the percentage of rents from

REITs Only)

Friday in the REIT’s local time zone.

personal property by comparing the FMV

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By mailing or faxing Form SS-4,

Enter only one code that best reflects the

of the personal rental property to the FMV

Application for Employer Identification

principal business activity of an equity

of the total rental property. See section

Number.

REIT from the selection below:

856(d)(1) for details.

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Instructions For Form 1120-Reit - 2009 Page 7

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