2018 Form 1120 REIT US Income Tax Return for Real Estate Investment Trusts

Form 1120-REIT — U.S. Income Tax Return for Real Estate Investment Trusts (2018)

Department of the Treasury — Internal Revenue Service

For calendar year 2018 or tax year beginning , 2018, ending , 20

Please type or print.

A. Year of REIT status election

C. Employer identification number

D. Date REIT established

E. Total assets

H. PBA code

Part I — Real Estate Investment Trust Taxable Income

Income (excluding income required to be reported in Part II or Part IV)

Deductions (excluding deductions directly connected with income required to be reported in Part II or Part IV)

Tax and Payments

Page 2 — Part II: Tax on Net Income From Foreclosure Property

1. Net gain or (loss) from the sale or other disposition of foreclosure property

2. Gross income from foreclosure property

3. Total income from foreclosure property

4. Deductions directly connected with production of income

5. Net income from foreclosure property

6. Tax on net income from foreclosure property

Part III: Tax for Failure To Meet Certain Source-of-Income Requirements

1a. Enter total income from Part I, line 8

1b. Enter total income from foreclosure property from Part II, line 3

1c. Total

2a. Income from hedging transactions

2b. Passive foreign exchange gain

2c. Other source income

2d. Subtract amounts

2e. Multiply by 95%

3. Income from section 856(c)(2) sources

4. Subtract line 3 from line 2e

5a. Income from hedging transactions

5b. Real estate foreign exchange gain

5c. Other source income

5d. Subtract amounts

5e. Multiply by 75%

6. Income from section 856(c)(3) sources

7. Subtract line 6 from line 5

8. Greater of line 4 or line 7

9. Amount from Part I, line 20

10. Net capital gain from Schedule D

11. Subtract line 10 from line 9

12a. Total income from Part I, line 8

12b. Net short-term capital gain

12c. Add lines 12a and 12b

13. Capital gain net income

14. Subtract line 13 from line 12c

15. Divide line 11 by line 14

16. Section 857(b)(5) tax

Part IV: Tax on Net Income From Prohibited Transactions

1. Gain from sale or other disposition of section 1221(a)(1) property

2. Deductions directly connected with production of income

3. Tax on net income from prohibited transactions

Schedule A — Deduction for Dividends Paid

1. Dividends paid

2. Dividends paid in the 12-month period following the close of the tax year

3. Dividends declared in October, November, or December deemed paid on December 31

4. Consent dividends

5. Deficiency dividends

6. Total dividends paid

7. Total deduction for dividends paid

Schedule J — Tax Computation

Check if the REIT is a member of a controlled group

2a. Tax on REIT taxable income

2b. Tax from Part II, line 6

2c. Tax from Part III, line 16

2d. Tax from Part IV, line 3

2e. Tax imposed under section 857(b)(7)(A)

2f. Tax imposed under sections 856(c)(7) and 856(g)(5)

2g. Income tax

3a. Foreign tax credit

3b. Credit from Form 8834

3c. General business credit

3d. Other credits

3e. Total credits

4. Subtract line 3e from line 2g

5. Personal holding company tax

6. Other taxes

7. Total tax

Schedule K — Other Information

1. Method of accounting: Cash Accrual Other

2. Did the REIT own 50% or more of the voting stock of a domestic corporation? Yes No

3. Is the REIT a subsidiary in a parent-subsidiary controlled group? Yes No

Parent corporation name and EIN

4. Did any individual, partnership, corporation, estate, or trust own 50% or more of the REIT’s voting stock?

5a. Percentage owned by foreign person

5b. Owner’s country

5c. Number of Forms 5472 attached

6. Did the REIT pay dividends in excess of earnings and profits? Yes No

7. Publicly offered debt instruments with original issue discount

8. Tax-exempt interest received or accrued

9. Available NOL carryover from prior tax years

10. Election under section 163(j) in effect during the tax year? Yes No

11. Does the corporation satisfy one of the listed conditions? Yes No

12. Is the REIT attaching Form 8996 to certify as a Qualified Opportunity Fund? Yes No

Schedule L — Balance Sheets per Books

Beginning of tax year / End of tax year

1. Cash

2a. Trade notes and accounts receivable

2b. Less allowance for bad debts

3. U.S. government obligations

4. Tax-exempt securities

5. Other current assets

6. Loans to shareholders

7. Mortgage and real estate loans

8. Other investments

9a. Buildings and other depreciable assets

9b. Less accumulated depreciation

10. Land

11a. Intangible assets

11b. Less accumulated amortization

12. Other assets

13. Total assets

14. Accounts payable

Schedule M-1 — Reconciliation of Income (Loss) per Books With Income per Return

1. Net income (loss) per books

2a. Federal income tax

2b. Less taxes

2c. Balance

3. Excess of capital losses over capital gains

4. Income subject to tax not recorded on books this year

5. Expenses recorded on books this year not deducted on this return

6. Add lines 1 through 5

7. Income recorded on books this year not included on this return

8. Deductions on this return not charged against book income this year

9. Net income from foreclosure property

10. Net income from prohibited transactions

11. Add lines 7 through 10

12. REIT taxable income

Schedule M-2 — Analysis of Unappropriated Retained Earnings per Books

1. Balance at beginning of year

2. Net income (loss) per books

3. Other increases

4. Add lines 1, 2, and 3

5a. Cash distributions

5b. Stock distributions

5c. Property distributions

6. Other decreases

7. Add lines 5 and 6

8. Balance at end of year