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**RM**
**RM** asked in Business & FinanceTaxesUnited States · 5 years ago

IRS form 8825 asks for gross rents. Do I include bank interest generated from holding those rents in a bank account as part of gross rent?

7 Answers

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  • Bostonian In MO
    Lv 7
    5 years ago
    Favorite Answer

    No, those are not part of gross rents. Those are reported on the underlying return as interest income and flow to the K-1s as interest income.

  • harib
    Lv 4
    5 years ago

    Irs Form 8825

    Source(s): https://shorte.im/bbDdo
  • tro
    Lv 7
    5 years ago

    no the interest earned would be on Sch B, is not part of gross rents

  • Jim
    Lv 7
    5 years ago

    no, if significant, the bank will issue an interest form

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  • ninasgramma
    Lv 7
    5 years ago

    No. Income from cash received would be entered on "Other income."

  • ?
    Lv 7
    5 years ago

    no that is interest no rent

  • Judy
    Lv 7
    5 years ago

    no

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