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Form 8825 (Rev. 9-2017) Page 3
General Instructions However, if the partnership or For each property, enter the number of
S corporation has more than one rental days rented at fair rental value and days
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
For the latest information about activity. Also, attach a statement to each deduction each year for rental property
developments related to Form 8825 and Schedule K-1 that reports each partner’s (except for land, which is not
its instructions, such as legislation or shareholder’s share of the net income depreciable). If the partnership or
enacted after they were published, go to (loss) by separate activity (except for S corporation placed property in service
www.irs.gov/Form8825. 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
(loss) from rental real estate activities Complete lines 1 through 17 for each
that flow through from partnerships, property. But complete lines 18a through Paperwork Reduction Act Notice. We
estates, or trusts. 21 on only one Form 8825. The figures ask for the information on this form to
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
• Passive Activity Limitations in the following. ensure that you are complying with these
instructions for Form 1065 or Form laws and to allow us to figure and collect
1120S, or Passive Loss Limitation • Income or deductions from a trade or the right amount of tax.
Activities in the Instructions for Form business activity or a rental activity other
1065-B, especially for the definition of than rental real estate. These items are You are not required to provide the
“rental activity.” reported elsewhere. information requested on a form that is
subject to the Paperwork Reduction Act
• Extraterritorial Income Exclusion in the • Portfolio income or deductions. unless the form displays a valid OMB
instructions for Form 1065, 1065-B, or • Section 179 expense deduction. control number. Books or records
1120S. relating to a form or its instructions must
• Other items that must be reported be retained as long as their contents
separately to the partners or may become material in the
Specific Instructions 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
eight properties, attach additional Forms Line 1. For each property, give the street
8825. address, city or town, and zip code. If by section 6103.
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 country. Specify the type of property by individual circumstances. The estimated
form may differ from the number of entering one of the following codes in burden for business taxpayers filing this
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
purposes of the passive activity Codes
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
of the passive activity limitations, the 3—Vacation or Short-Term Rental accuracy of these time estimates or
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
partnership has only one rental real 5—Land you. See the instructions for the tax
estate activity for purposes of the 6—Royalties return with which this form is filed.
passive activity limitations, it must report 7—Self-Rental
the income and deductions for each
building in separate columns. 8—Other (include description with the
code on Form 8825 or on a separate
statement)
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