RENTAL OF REAL PROPERTY (Fillable form with auto calculations) 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering your business information in Section 1. Fill in the Business Name, Owner Name(s), and address details. If your mailing address has changed, update it accordingly.
  3. In Section 2, provide the Rental Property Information. Ensure that the rental address matches County of Alameda records. Enter the number of units on the parcel categorized by type: commercial, dwelling, and residential rental.
  4. Proceed to Section 3 to input your Business Information. Include your business phone number, emergency contact, number of employees, and email address. Remember that this email will be public information.
  5. In Section 4, calculate your renewal tax due. Start with gross receipts from the previous year and determine if any owner has five or more residential rental units in Berkeley to apply the correct tax rate.
  6. Complete any exemptions applicable in Line D and ensure all calculations are accurate before submitting.
  7. Finally, sign and date the form in Section 5 if applicable, ensuring all required fields are completed for processing.

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Obtain business tax returns, including IRS Form 8825 for the most recent year From total gross rents, subtract total expenses. Add back insurance, mortgage interest, taxes, HOA dues (if applicable), depreciation, and non-recurring property expenses (if documented ingly).
Partnerships and S corporations use Form 8825 to report income and deductible expenses from rental real estate activities, including net income (loss) from rental real estate activities that flow through from partnerships, estates, or trusts.
Use Schedule E (Form 1040) to report income or loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in real estate mortgage investment conduits (REMICs).
Ways the IRS can find out about rental income include routing tax audits, real estate paperwork and public records, and information from a whistleblower. Investors who dont report rental income may be subject to accuracy-related penalties, civil fraud penalties, and possible criminal charges.
Report your rental income and expenses on Part I, Income or Loss From Rental Real Estate Royalties on Supplemental Income and Loss, Schedule E (IRS Form 1040) .

People also ask

How do you count rental days? Count up fair rental days by tallying up how many days your property was rented at fair market value in a single year (January 1 - December 31). Dont count any days that you or a loved one used the propertyeven if they paid you a discounted rate to stay there.
Your rental properties arent passive investmentstheyre an active business. That shift from passive to active qualifies you for self-employment, so youll pay self-employment taxes. Refer to our related article for more information on the real estate professional designation and requirements.
Who should file Form 8825? If your small business is a partnership or an S corporation that owns rental real estate, you need to file Form 8825. You should submit this form with your regular business tax returns (Form 1065 for partnerships or Form 1120-S for S corporations).

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