I am in the process of preparing my partnership 1065 return. Is investment realestate the same as rental?

I am in the process of preparing my partnership 1065 return. Is investment realestate the same as rental?

I invest and sell the properties only.

You can probably use the business code 531390 – Other activities related to real estate

http://www.irs.gov/instructions/i1120f/11455t11.html

This entry was posted on Sunday, December 6th, 2009 at 6:21 am and is filed under realestate property. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “I am in the process of preparing my partnership 1065 return. Is investment realestate the same as rental?”

woodluvto on December 6th, 2009 at 11:49 am

No. Investment real estate is not treated in the same fashion as rental property. For example, on investment real estate your interest is deductible only to the extent of your net investment income.
References :
tma on December 6th, 2009 at 12:20 pm

You can probably use the business code 531390 – Other activities related to real estate

http://www.irs.gov/instructions/i1120f/11455t11.html
References :

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