Where do you report rental income on 1120?

[rocketman]

Does anybody know where to report rental income and expenses on the form 1120? Thanks for the help.

Rocketman

[ChEAr$]

rental income

if this is just a sideline of the main corporate activity, i would choose that "other income"
line just below gross profit and put the expenses in their appropriate categories down
below.

But if rentals are the major activity, then it's gross receipts.

[Ladynole97]

Rental Income

Line 6 Gross rents, your tax program should have a seperate area as to where to put this info. Don't mix it with other income as usually this is passive income and should be sepratly stated.

[Acownt4it]

Rental Income is reported on Form 8825

[Ladynole97]

only on 1120S

Form 8825 is for reporting Rental income on partnership or S-corp



Hope everyone is surviving Tax Season!

[Acownt4it]

You are

absolutely right. Sorry about that. I didn't read the questions correctly.

[Ladynole97]

NO Problem!!

We are all colleages here! I am sure we always mean to help. Best of luck to all!