Form 4797 – Reporting the Sale of Rental Real Estate Property
Form 4797 is filed to report the sale of assets used in a trade or business. This sample video tutorial covers how to prepare Form 4797 for the sale of a rental property.
How to File IRS Form 1065 Partnership Tax Return for 2023 – Rental Real Estate LLC Example
The IRS Form 1065 is a partnership tax filing for U.S. domestic partnerships. This example looks at a multi-member LLC with a single-family home rental property.
How to File IRS Form 1120 for 2023 – Rental Real Estate Investment Entity
A tutorial on how to prepare IRS Form 1120 (Corporate Income Tax Return) for a rental real estate holding company with non-U.S. ownership.
How to File Form 1065 for a Real Estate Flipping Business
Partnerships file an annual Form 1065 to report income, expenses, and other transactions. This article examines a Form 1065 filing for a real estate flipping business.
How to File IRS Form 1040-NR for 2022 – U.S. Rental Property with Section 871(d) Election
Nonresident taxpayers with U.S. source rental income generally have to file Form 1040-NR. Those taxpayers can also make a special election to pay tax on net rental profits under Section 871.
How to File IRS Form 1065 for 2022 – Rental Real Estate LLC
The Form 1065 partnership return is filed on an annual basis for any partnership that has income or expense for the year. This example covers a Form 1065 filing for a rental real estate LLC.
IRS Form 8582 Passive Activity Loss Limitations on Form 1040
Investors in partnerships and S corporations must carefully characterize whether the investment is an active or passive activity. Passive activity losses are subject to certain rules and reporting obligations on IRS Form 8582. This article and video cover a sample Form 8582 with the Form 1040.
Is Rental Income Taxable?
Many businesses and individuals invest in real property assets that are rented to tenants. The rental income is generally subject to federal and state income taxes. This article discusses the federal tax rules for rental income.