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 Application for Corporation Partnership for Real Estate Il Form 2014-2025

Application for Corporation Partnership for Real Estate Il 2014-2025 Form

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Instructions and help about Application For Corporation Partnership For Real Estate Il Form

all right for this video tutorial I want to go through a sample form 1065 for 2022 and this pattern we're going to be looking at a rental real estate entity right so this is an LLC that's a partnership so it has more than one owner and the principal purpose of the entity is to hold real estate and rent that to tenants okay so as far as what I've got in front of us here I've got slides so two slides first one covers all the elements that we're going to talk about the second one is the fact pattern and then in addition to that we do have the financial statements for the LLC so just prepared a very simple rental real estate financial statements right so profit and loss on the left balance sheet on the right I do have a simple kind of reconciliation here of what's being reported on the 8825 and then what are the separately stated items and then a capital roll forward so this just shows the partners their ownership percentage the amount of inc

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