Report investment real estate and income from real estate in Part 6.  Do not report your personal residence if it does not produce rental income.

Other requirements may apply (a) if the real estate is a farm, (b) if the real estate is held by a trust, (c) if the real estate is held by a limited liability company or other entity, or (d) if you have leased mineral rights associated with the property.  These requirements are addressed below.

For You, Your Spouse, and Your Dependent Children

Part 6

Report real estate if the value of the real estate was more than $1,000 at the end of the reporting period or if more than $200 in income was received during the reporting period.

You do not need to report a personal residence if it is not rented out during any portion of the reporting period.  A personal residence includes a vacation home that is not rented out.

Description:  Describe the type of real estate (e.g., “residential,” “commercial,” “industrial,” or “undeveloped”) and provide the city and state in which it is located. Providing the county and state is also acceptable.  Do not provide a street address.

EIF:  Select “N/A.”

Value:  Report the value of the real estate by selecting the appropriate category.

Income Type:  Specify the type(s) of income if the total amount of income received during the reporting period exceeded $200.  Usually the type of income will be “rent or royalties” or “capital gains.”

Income Amount:

(1) Income less than $201:  Select the category for “None (or less than $201).”

(2) Dividends, capital gains, interest, rent, or royalties:  Select the category that corresponds to the total amount of income received during the reporting period.

(3) Other income:  Provide the exact amount of income received during the reporting period.

Mortgages

Report in Part 8 a mortgage that exceeded $10,000 at any point during the reporting period.  An exception for mortgages on personal residences may apply.  See Part 8 in this guide for details.

Other Requirements

Farm:  If the real estate is a farm, consult the instructions in this guide for farms.

Holding Company:  If the real estate is held through a limited liability company or other legal entity, consult the instructions in this guide for real estate holding companies.

Mineral Rights:  If the real estate is associated with a mineral rights lease, consult the instructions in this guide for an oil, gas, or other mineral rights lease.

Trust:  If the real estate is held in a revocable trust, consult the instructions in this guide for revocable trusts.  If the real estate is held in an irrevocable trust, consult the instructions in this guide for irrevocable trusts.

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