Get Form 8825

Filling out Form 8825 is essential for partnerships and S corporations to report their rental real estate income and expenses. This guide will help you navigate the form with ease, ensuring that you accurately provide the necessary information.

Follow the steps to complete Form 8825 online effectively.

1. Click ‘Get Form’ button to access the form online and open it for editing.
2. Begin by entering the name and employer identification number at the top of the form.
3. In section 1, detail the kind and location of each property. This includes the property type (e.g., apartment building) and its address.
4. Move to section 2 and report gross rental income in the designated fields for each property.
5. Proceed to section 3, where you will enter the rental real estate expenses. Fill in all relevant categories such as advertising, cleaning and maintenance, insurance, and others listed.
6. Once all income and expenses are entered, calculate and input total expenses for each property in line 16.
7. For gross rents, total the amounts from line 2 for all properties and enter this on line 17.
8. Sum the total expenses from line 16 onto line 18.
9. Complete line 19 with the net gain (loss) from property dispositions related to rental activities.
10. If applicable, report net income (loss) from partnerships or fiduciaries on line 20.
11. Finally, combine the totals from lines 17 through 20a for the net income (loss) and enter this result on line 21.
12. After entering all the required information, save your changes. You can download, print, or share the form as needed.

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