How to Fill Out Form 1120 for 2023. Step-by-Step Instructions for Rental Real Estate
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- Опубліковано 4 жов 2024
- Form 1120 is filed by U.S. domestic corporations. This example covers a scenario where a U.S. corporation purchases a rental real estate property. The corporation is owned 100% by a foreign corporation in the Cayman Islands, which requires an IRS Form 5472 attachment. The rental real estate activity creates a passive activity loss (PAL), which requires the IRS Form 8810 attachment.
For other Form 1120 & Form 5472 tutorials, see our playlists below.
Form 1120: • Form 1120 (Corporate T...
Form 5472: • Form 5472 Tutorials (N...
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Your videos are very useful.
Glad you like them!
Hi Jason, I really like your videos. Your videos are literally practical. It would be a great help if you can also make a videos on Form 8890 - Limitation on Business Interest Expense
Under Section 163(j) from perspective of Investment partnership. There is not any good video on UA-cam on this topic. Regards
Appreciate Jason u da man. Edit: I like the new thumbnail for the videos in green red and black instead of vanilla. Keep it up man, you have no clue how much this helps.
Thank you so much for your example! You were very clear. 👏🏻👏🏻👏🏻
Glad it was helpful!
Jason, bless you for doing these videos.
Your videos are super helpful Jason.
Awesome your explanation 😊
@JasonDKnott
By answering yes to question 29 (c) on schedule K, I think you’re telling the IRS the corporation is an applicable corporation under the safe harbor method.
Hi Jason, would you please an 1120 form for an agency that does staffing? Thank you!!!
huntr52
Jason, have small Tx corp w/little to no income for '23 and no real exp (
Hi, Jason
Thank you so much for your video. Just a quick question:
I have a company with no income, and just some expenses (first year):
Line 11, Total income => 0
Line 27, Total deductions => (8000)
so Line 30 Taxable income: (8000)??
Line 31, Total tax: 0 or (8000)*21%=(1680)?? the instruction says (1680), but my gut feeling says 0. Also how to fill the schedule J accordingly? Line 15 & 28 should be all 0? Can you please clarify? Thank you!!