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Publication 552 Recordkeeping for Individuals Form

Publication 552 Recordkeeping for Individuals Form

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hey there youtube so in this video i wanted to cover the irs form 8825 this is used to report rental real estate income and expenses for a partnership or an s corporation okay so what a lot of people are familiar with is this other form let me flip over to really quick uh this is schedule e uh supplemental income and loss used to report rental real estate income for individual taxpayers so if you're an individual taxpayer we have john q here and you're filing a form 1040 and you own rental property you would attach schedule e to your form 1040 and this is your where you would report the income and expense for each of your properties so in this example john has two properties and he reports the income and expense in each of its corresponding columns there so if you have rental income or expense you're not going to be using a schedule e if the rental property is owned in a partnership or an escort so in this example here we have a an llc that was formed by two mem

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