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Updated over 5 years ago on . Most recent reply

8825 vs Schedule E
Hi,
I would like to know under what circumstances does one file for 8825 vx. Schedule E.
Also I just got a schedule E from a seller. However in the tax line of the form there is no entry. The profit is being shown without the tax entry. Is this possible not to show tax in schedule E? Also how would I know that the numbers are correct and not manipulated. I appreciate any help. Thanks
Most Popular Reply

Schedule E is used by an individual or a sole proprietor to itemize income and expenses from rental real estate.
Form 8825 is used by a partnership or s-corporation to itemize income and expenses from rental real estate.
So, the difference is the entity that is filing the tax return...