Form 8825 - Rental Real Estate Income And Expenses Of A Partnership Or An S Corporation Page 3
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Form 8825 (Rev. 9-2017)
Page
General Instructions
However, if the partnership or
For each property, enter the number of
days rented at fair rental value and days
S corporation has more than one rental
Section references are to the Internal
real estate activity for purposes of the
with personal use. For details, see
Revenue Code.
passive activity limitations, attach a
section 280A.
statement to Schedule K that reports
Line 14. The partnership or
Future Developments
the net income (loss) for each separate
S corporation may claim a depreciation
activity. Also, attach a statement to each
For the latest information about
deduction each year for rental property
Schedule K-1 that reports each partner’s
developments related to Form 8825 and
(except for land, which is not
or shareholder’s share of the net income
its instructions, such as legislation
depreciable). If the partnership or
(loss) by separate activity (except for
enacted after they were published, go to
S corporation placed property in service
limited partners in an electing large
during the current tax year or claimed
partnership). See Passive Activity
depreciation on any vehicle or other
Purpose of Form
Reporting Requirements in the
listed property, complete and attach
instructions for Form 1065, Form
Form 4562, Depreciation and
Partnerships and S corporations use
1065-B, or Form 1120S for additional
Amortization. See Form 4562 and its
Form 8825 to report income and
information that must be provided for
instructions to figure the depreciation
deductible expenses from rental real
each activity.
deduction.
estate activities, including net income
Complete lines 1 through 17 for each
(loss) from rental real estate activities
property. But complete lines 18a through
Paperwork Reduction Act Notice. We
that flow through from partnerships,
21 on only one Form 8825. The figures
ask for the information on this form to
estates, or trusts.
on lines 18a and 18b should be the
carry out the Internal Revenue laws of
Before completing this form, be sure
combined totals for all forms.
the United States. You are required to
to read the following.
give us the information. We need it to
Do not report on Form 8825 any of the
ensure that you are complying with these
• Passive Activity Limitations in the
following.
laws and to allow us to figure and collect
instructions for Form 1065 or Form
• Income or deductions from a trade or
the right amount of tax.
1120S, or Passive Loss Limitation
business activity or a rental activity other
Activities in the Instructions for Form
You are not required to provide the
than rental real estate. These items are
1065-B, especially for the definition of
information requested on a form that is
reported elsewhere.
“rental activity.”
subject to the Paperwork Reduction Act
• Portfolio income or deductions.
unless the form displays a valid OMB
• Extraterritorial Income Exclusion in the
control number. Books or records
instructions for Form 1065, 1065-B, or
• Section 179 expense deduction.
relating to a form or its instructions must
1120S.
• Other items that must be reported
be retained as long as their contents
separately to the partners or
Specific Instructions
may become material in the
shareholders.
administration of any Internal Revenue
Form 8825 provides space for up to
• Commercial revitalization deductions.
law. Generally, tax returns and return
eight properties. If there are more than
information are confidential, as required
Line 1. For each property, give the street
eight properties, attach additional Forms
by section 6103.
address, city or town, and zip code. If
8825.
the property is located outside the
The time needed to complete and file
The number of columns to be used for
United States, give the postal code and
this form will vary depending on
reporting income and expenses on this
individual circumstances. The estimated
country. Specify the type of property by
form may differ from the number of
burden for business taxpayers filing this
entering one of the following codes in
rental real estate activities the
the “Type” column.
form is approved under OMB control
partnership or S corporation has for
number 1545-0123 and is included in the
Codes
purposes of the passive activity
estimates shown in the instructions for
limitations. For example, a partnership
1—Single Family Residence
their business income tax return.
owns two apartment buildings, each
2—Multi-Family Residence
If you have comments concerning the
located in a different city. For purposes
accuracy of these time estimates or
3—Vacation or Short-Term Rental
of the passive activity limitations, the
suggestions for making this form
partnership grouped both buildings into
4—Commercial
simpler, we would be happy to hear from
a single activity. Although the
you. See the instructions for the tax
5—Land
partnership has only one rental real
return with which this form is filed.
estate activity for purposes of the
6—Royalties
passive activity limitations, it must report
7—Self-Rental
the income and deductions for each
8—Other (include description with the
building in separate columns.
code on Form 8825 or on a separate
statement)
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