Form 8825 is used by partnerships and S corporations to report income and deductible expenses from rental real estate activities to the IRS.
Browse through our PDF Forms hub to find fillable Form 8825 and open it in our editor, where you can quickly complete it. This way, you will streamline the filing process, spend less time on it, and ensure you have the newest form accessible.
Step 1: Open Form 8825 in our PDF editor.
Step 2: Fill out information about your rental properties, according to Form 8825 instructions.
Step 3: Calculate your rental real estate income and expenses.
Step 4: Review the form to make sure there are no mistakes.
Step 5: Attach it to Form 1065 if you’re a partnership and submit both to the IRS.
Step 6: Attach it to Form 1120S if you’re an S corporation and file both with the IRS.
Form 8825 is a document used to report income and deductible expenses from rental real estate activities to the IRS. It allows partnerships and S corporations to determine their net income or loss and helps the entity and its shareholders correctly fill out their tax returns.
Partnerships and S corporations are required to fill out Form 8825 and attach it to their respective tax returns. The former use Form 1065, while the latter submit Form 1120S for this purpose.
Form 8825 is due on the same day as Forms 1065 and 1120S: the 15th day of the third month after the end of a tax year. Simply put, this document should be filed by 15th March, unless it falls on a weekend or national holiday. If so, the deadline is pushed to the next working day.
There are no specific penalties for not submitting Form 8825; however, failure to do so may impact the main tax return. Without this document, Forms 1065 and 1120S may be considered incomplete and come with penalties of their own.
You should file Form 8825 with the IRS at the same time you file your main tax return. There are two ways to do this: electronically or by mail. If you choose the latter, check the IRS official website to find out where to submit your documents.
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You can get a blank Form 8825 from pdf.net or from the official IRS website. In either case, you can open it in our PDF editor and enter the required information into the empty fields.
Yes, Form 8825 applies to single-family rentals, but only if a partnership or an S corporation owns them.
You don’t need supporting documents for Form 8825, as it is a supporting document in its own right. However, make sure to keep records of everything listed on the form in case any issues arise.
If your Form 8825 is missing information, you may fill out your main tax return incorrectly. This can have a significant impact on tax calculations and result in penalties for withholding the wrong amount. So, check your document alongside a well-completed Form 8825 example to see if anything is missing.
You can fill out your Form 8825 online by opening it in our PDF editor. Then, you can easily download the form and file it electronically or print it to submit it by mail.
This form is free to view and edit, but not to download; for that, you’ll need to purchase one of our subscription plans.
You can correct mistakes on Form 8825, but you need to file an amended tax return to do so. Use Forms 1065-X or 1120S-X to submit a corrected Form 8825.