Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

**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

Relevance
  • 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

  • ?
    Lv 7
    5 years ago

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

  • 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

Still have questions? Get your answers by asking now.