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Printable Form 8825 Westminster Colorado: What You Should Know
We accept the following forms Please note, we do not receive a set of each form for an individual, each form has its own schedule, and it may be necessary to consult forms as required. Forms and schedules are available in the CO WESTMINSTER, CITY OF WESTMINSTER — ELECTRONIC RECORDS AND PRINTING ATX Customer Support Sales/Use Tax, Rental Real Estate Income, and Rental Real Estate Expenses: Schedule A (Form 8825), Schedule B (Form 8825), and Schedule C (Form 8825). If your business is taxable, and it uses your rental property to carry on its regular operations, the rental income and expenses will be reported to the tax filing authority on form 8825. The Form 8825 shows the gross rental income and expenses for your rental property. You are required to calculate your rental income on Form 8825 and report the amount on line 34A. For information on how to fill in the lines on form 8825, please Schedule A Amount Gross Rent 1,200 1,200 Net Rent 4,200 3,600 Gross Margin 4,200 3,600 Expenses Net Expenses 3,400 2,600 Reimbursement of Expenses on Schedule B 950 900 Other Expenses Reimbursement of Expenses on Schedule B 1,100 1,100 Other Costs 1,100 1,100 Total Other Expenses 6,500 5,000 Amount Gross Rental Value 5,000 4,000 Amount Expenses Rental Expenses 11,100 1,700 1,100 Amount Subtracts Required Depreciation of 12,500 Total Rental Expenses 28,100 21,700 This information shows that you will be required to use depreciation method 1 (see line 10 on form 2106). If, due to unusual circumstances as described by line 8 on form 2106(a) (if the property is not used, or you do not plan to use the property for business, see section E), you are not required to use depreciation method 1, you can deduct an amount equal to the least of— (1) the least of the cost to you of the property immediately before the termination of use; or (2) the amount of the deduction for method 1 under sections 168 and 167.
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