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

February 15th, 2010 | by admin |

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

  1. 2 Responses to “I am in the process of preparing my partnership 1065 return. Is investment realestate the same as rental?”

  2. By woodluvto on Feb 15, 2010 | Reply

    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 :

  3. By tma on Feb 15, 2010 | Reply

    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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