Get 8825

Filling out Form 8825 is essential for partnerships and S corporations to report rental real estate income and expenses accurately. This guide provides clear, step-by-step instructions to assist you in completing the form online, ensuring you provide all necessary information.

Follow the steps to complete your 8825 form online.

1. Press the ‘Get Form’ button to access the form electronically and open it in your preferred editing tool.
2. In Line 1, enter the type of property being rented. For example, specify 'apartment building,' and provide its address, including city and state.
3. In section 2, list each property under columns A through H. Be sure to include the kind and location of each property.
4. Record the gross rental income received in Line 2 for each property under the corresponding columns.
5. Complete Lines 3 through 15 by entering all applicable rental real estate expenses such as advertising, cleaning and maintenance, insurance, and other costs.
6. Calculate and enter total expenses for each property in Line 16 by adding all amounts listed in Lines 3 through 15.
7. On Line 17, input the total gross rents by summing up the entries from Line 2 across columns A through H.
8. In Line 18, input the total expenses by summing the total expenses from Line 16 across columns A through H.
9. In Line 19, enter the net gain or loss from Form 4797 if applicable.
10. Fill in Lines 20a and 20b if there are any partnerships, estates, or trusts involved in which your partnership or S corporation is a beneficiary.
11. Finally, combine all relevant figures from Lines 17 through 20a and place the total on Line 21. This amount should be included in Schedule K.
12. After finished, save your changes, and you have the option to download, print, or share the completed form.

Complete your Form 8825 online today for accurate reporting of rental income and expenses.