Form 1120-REIT — U.S. Income Tax Return for Real Estate Investment Trusts

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f1120rei.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

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Income (EXCLUDING income required to be reported in Part II or Part IV) 1 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Gross rents from real property . . . . . . . . . . . . . . . . . . . . . . . 3 4 Other gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Capital gain net income (attach Schedule D (Form 1120)) . . . . . . . . . . . . . . 5 6 Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . 6 7 Other income (see instructions—attach statement) . . . . . . . . . . . . . . . . 7 8 Total income. Add lines 1 through 7 . . . . . . . . . . . . . . . . . . . . . 8 Deductions (EXCLUDING deductions directly connected with income required to be reported in Part II or Part IV)

Form 1120-REIT (2025) Page 2 Tax and Payments

1 Net gain or (loss) from the sale or other disposition of foreclosure property described in section 1221(a)(1) (attach statement) . . . . . . . . . . . . . . . . . . . . . . . 1 2 Gross income from foreclosure property (see instructions—attach statement) . . . . . . . 2 3 Total income from foreclosure property. Add lines 1 and 2 . . . . . . . . . . . . . . 3 4 Deductions directly connected with the production of income shown on line 3 (attach statement) . 4 5 Net income from foreclosure property. Subtract line 4 from line 3 . . . . . . . . . . . 5 6 Tax on net income from foreclosure property. Multiply line 5 by 21% (0.21). Enter here and on Schedule J, line 1b . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Part III—Tax for Failure To Meet Certain Source-of-Income Requirements (Section 857(b)(5)) (see instructions)

Form 1120-REIT (2025) Page 3 Part III—Tax for Failure To Meet Certain Source-of-Income Requirements (Section 857(b)(5)) (see instructions)

(continued) 14 Subtract line 13 from line 12c . . . . . . . . . . . . . . . . . . . . . . . 14 15 Divide line 11 by line 14. Carry the result to five decimal places . . . . . . . . . . . . 15 . 16 Section 857(b)(5) tax. Multiply line 8 by line 15. Enter here and on Schedule J, line 1c . . . . 16 Part IV—Tax on Net Income From Prohibited Transactions (see instructions)

Form 1120-REIT (2025) Page 4 Schedule K Other Information (see instructions)

|1
Check method of accounting:
a
Cash
b
Accrual
c
Other (specify):
**2 **
At the end of the tax year, did the REIT own, directly or indirectly, 50% or more of the voting stock of a domestic
corporation? (For rules of attribution, see section 267(c).) .
.
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.
If “Yes,” attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned,
and (c) taxable income or (loss) before NOL and special deductions of such corporation for the tax year ending
with or within your tax year.
3
Is the REIT a subsidiary in a parent-subsidiary controlled group?
.
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.
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.
.
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.
If “Yes,” enter the name and EIN of the parent corporation:
**4
At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly,
50% or more of the REIT’s voting stock? (For rules of attribution, see section 856(h).) .
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing name and identifying number. (Do not include any information already
entered in3 **above.) Enter percentage owned .
.
.
.
.
.
.
.
**5 **

At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of: (a) the total
voting power of all classes of stock of the REIT entitled to vote, or (b) the total value of all classes of stock of the
REIT? .
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If “Yes,” enter:
a
Percentage owned:
b
Owner’s country:
c
The REIT may have to file Form 5472. Enter number of Forms 5472 attached
.
.
.
.
.
**6 **

During this tax year, did the REIT pay dividends (other than stock dividends and distributions in exchange for
stock) in excess of the REIT’s current and accumulated earnings and profits? (See sections 301 and 316.) .
.
.
If “Yes,” file Form 5452.
7
Check this box if the REIT issued publicly offered debt instruments with original issue discount
.
.
.
.
.
If so, the REIT may have to file Form 8281.
8
Enter the amount of tax-exempt interest received or accrued during the tax year
.
.
.
$
**9 **
Enter the available NOL carryover from prior tax years. (Do not reduce it by any deduction
on page 1, line 22a.)
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$
10
Did the REIT have an election under section 163(j) for any real property trade or business or any farming business
in effect during the tax year? See instructions .
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11
Does the REIT satisfy one or more of the following? See instructions .
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.
a
The REIT owns a pass-through entity with current or prior-year carryover excess business interest expense.
**b **The REIT’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $31 million and the REIT has business interest expense.
c
The REIT is a tax shelter and the REIT has business interest expense.
If “Yes” to any of the above, complete and attach Form 8990.
12
Does the REIT intend to self-certify as a Qualified Opportunity Fund? .
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.
If “Yes,” complete and attach Form 8996. Enter the amount (if any) from Form 8996, line 15
$
13
Is the REIT a member of a controlled group? .
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If “Yes,” attach Schedule O (Form 1120). See instructions.
|||

|1
Check method of accounting:
a
Cash
b
Accrual
c
Other (specify):
**2 **
At the end of the tax year, did the REIT own, directly or indirectly, 50% or more of the voting stock of a domestic
corporation? (For rules of attribution, see section 267(c).) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned,
and (c) taxable income or (loss) before NOL and special deductions of such corporation for the tax year ending
with or within your tax year.
3
Is the REIT a subsidiary in a parent-subsidiary controlled group?
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter the name and EIN of the parent corporation:
**4
At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly,
50% or more of the REIT’s voting stock? (For rules of attribution, see section 856(h).) .
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing name and identifying number. (Do not include any information already
entered in3 **above.) Enter percentage owned .
.
.
.
.
.
.
.
**5 **

At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of: (a) the total
voting power of all classes of stock of the REIT entitled to vote, or (b) the total value of all classes of stock of the
REIT? .
.
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.
.
.
.
If “Yes,” enter:
a
Percentage owned:
b
Owner’s country:
c
The REIT may have to file Form 5472. Enter number of Forms 5472 attached
.
.
.
.
.
**6 **

During this tax year, did the REIT pay dividends (other than stock dividends and distributions in exchange for
stock) in excess of the REIT’s current and accumulated earnings and profits? (See sections 301 and 316.) .
.
.
If “Yes,” file Form 5452.
7
Check this box if the REIT issued publicly offered debt instruments with original issue discount
.
.
.
.
.
If so, the REIT may have to file Form 8281.
8
Enter the amount of tax-exempt interest received or accrued during the tax year
.
.
.
$
**9 **
Enter the available NOL carryover from prior tax years. (Do not reduce it by any deduction
on page 1, line 22a.)
.
.
.
.
.
.
.
.
.
.
.
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.
$
10
Did the REIT have an election under section 163(j) for any real property trade or business or any farming business
in effect during the tax year? See instructions .
.
.
.
.
.
.
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.
11
Does the REIT satisfy one or more of the following? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
a
The REIT owns a pass-through entity with current or prior-year carryover excess business interest expense.
**b **The REIT’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $31 million and the REIT has business interest expense.
c
The REIT is a tax shelter and the REIT has business interest expense.
If “Yes” to any of the above, complete and attach Form 8990.
12
Does the REIT intend to self-certify as a Qualified Opportunity Fund? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” complete and attach Form 8996. Enter the amount (if any) from Form 8996, line 15
$
13
Is the REIT a member of a controlled group? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach Schedule O (Form 1120). See instructions.
|||

|1
Check method of accounting:
a
Cash
b
Accrual
c
Other (specify):
**2 **
At the end of the tax year, did the REIT own, directly or indirectly, 50% or more of the voting stock of a domestic
corporation? (For rules of attribution, see section 267(c).) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned,
and (c) taxable income or (loss) before NOL and special deductions of such corporation for the tax year ending
with or within your tax year.
3
Is the REIT a subsidiary in a parent-subsidiary controlled group?
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter the name and EIN of the parent corporation:
**4
At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly,
50% or more of the REIT’s voting stock? (For rules of attribution, see section 856(h).) .
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing name and identifying number. (Do not include any information already
entered in3 **above.) Enter percentage owned .
.
.
.
.
.
.
.
**5 **

At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of: (a) the total
voting power of all classes of stock of the REIT entitled to vote, or (b) the total value of all classes of stock of the
REIT? .
.
.
.
.
.
.
.
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.
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.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter:
a
Percentage owned:
b
Owner’s country:
c
The REIT may have to file Form 5472. Enter number of Forms 5472 attached
.
.
.
.
.
**6 **

During this tax year, did the REIT pay dividends (other than stock dividends and distributions in exchange for
stock) in excess of the REIT’s current and accumulated earnings and profits? (See sections 301 and 316.) .
.
.
If “Yes,” file Form 5452.
7
Check this box if the REIT issued publicly offered debt instruments with original issue discount
.
.
.
.
.
If so, the REIT may have to file Form 8281.
8
Enter the amount of tax-exempt interest received or accrued during the tax year
.
.
.
$
**9 **
Enter the available NOL carryover from prior tax years. (Do not reduce it by any deduction
on page 1, line 22a.)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$
10
Did the REIT have an election under section 163(j) for any real property trade or business or any farming business
in effect during the tax year? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
11
Does the REIT satisfy one or more of the following? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
a
The REIT owns a pass-through entity with current or prior-year carryover excess business interest expense.
**b **The REIT’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $31 million and the REIT has business interest expense.
c
The REIT is a tax shelter and the REIT has business interest expense.
If “Yes” to any of the above, complete and attach Form 8990.
12
Does the REIT intend to self-certify as a Qualified Opportunity Fund? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” complete and attach Form 8996. Enter the amount (if any) from Form 8996, line 15
$
13
Is the REIT a member of a controlled group? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach Schedule O (Form 1120). See instructions.
|||

|1
Check method of accounting:
a
Cash
b
Accrual
c
Other (specify):
**2 **
At the end of the tax year, did the REIT own, directly or indirectly, 50% or more of the voting stock of a domestic
corporation? (For rules of attribution, see section 267(c).) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned,
and (c) taxable income or (loss) before NOL and special deductions of such corporation for the tax year ending
with or within your tax year.
3
Is the REIT a subsidiary in a parent-subsidiary controlled group?
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter the name and EIN of the parent corporation:
**4
At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly,
50% or more of the REIT’s voting stock? (For rules of attribution, see section 856(h).) .
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing name and identifying number. (Do not include any information already
entered in3 **above.) Enter percentage owned .
.
.
.
.
.
.
.
**5 **

At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of: (a) the total
voting power of all classes of stock of the REIT entitled to vote, or (b) the total value of all classes of stock of the
REIT? .
.
.
.
.
.
.
.
.
.
.
.
.
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.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter:
a
Percentage owned:
b
Owner’s country:
c
The REIT may have to file Form 5472. Enter number of Forms 5472 attached
.
.
.
.
.
**6 **

During this tax year, did the REIT pay dividends (other than stock dividends and distributions in exchange for
stock) in excess of the REIT’s current and accumulated earnings and profits? (See sections 301 and 316.) .
.
.
If “Yes,” file Form 5452.
7
Check this box if the REIT issued publicly offered debt instruments with original issue discount
.
.
.
.
.
If so, the REIT may have to file Form 8281.
8
Enter the amount of tax-exempt interest received or accrued during the tax year
.
.
.
$
**9 **
Enter the available NOL carryover from prior tax years. (Do not reduce it by any deduction
on page 1, line 22a.)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$
10
Did the REIT have an election under section 163(j) for any real property trade or business or any farming business
in effect during the tax year? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
11
Does the REIT satisfy one or more of the following? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
a
The REIT owns a pass-through entity with current or prior-year carryover excess business interest expense.
**b **The REIT’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $31 million and the REIT has business interest expense.
c
The REIT is a tax shelter and the REIT has business interest expense.
If “Yes” to any of the above, complete and attach Form 8990.
12
Does the REIT intend to self-certify as a Qualified Opportunity Fund? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” complete and attach Form 8996. Enter the amount (if any) from Form 8996, line 15
$
13
Is the REIT a member of a controlled group? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach Schedule O (Form 1120). See instructions.
|||

|1
Check method of accounting:
a
Cash
b
Accrual
c
Other (specify):
**2 **
At the end of the tax year, did the REIT own, directly or indirectly, 50% or more of the voting stock of a domestic
corporation? (For rules of attribution, see section 267(c).) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned,
and (c) taxable income or (loss) before NOL and special deductions of such corporation for the tax year ending
with or within your tax year.
3
Is the REIT a subsidiary in a parent-subsidiary controlled group?
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter the name and EIN of the parent corporation:
**4
At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly,
50% or more of the REIT’s voting stock? (For rules of attribution, see section 856(h).) .
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing name and identifying number. (Do not include any information already
entered in3 **above.) Enter percentage owned .
.
.
.
.
.
.
.
**5 **

At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of: (a) the total
voting power of all classes of stock of the REIT entitled to vote, or (b) the total value of all classes of stock of the
REIT? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter:
a
Percentage owned:
b
Owner’s country:
c
The REIT may have to file Form 5472. Enter number of Forms 5472 attached
.
.
.
.
.
**6 **

During this tax year, did the REIT pay dividends (other than stock dividends and distributions in exchange for
stock) in excess of the REIT’s current and accumulated earnings and profits? (See sections 301 and 316.) .
.
.
If “Yes,” file Form 5452.
7
Check this box if the REIT issued publicly offered debt instruments with original issue discount
.
.
.
.
.
If so, the REIT may have to file Form 8281.
8
Enter the amount of tax-exempt interest received or accrued during the tax year
.
.
.
$
**9 **
Enter the available NOL carryover from prior tax years. (Do not reduce it by any deduction
on page 1, line 22a.)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$
10
Did the REIT have an election under section 163(j) for any real property trade or business or any farming business
in effect during the tax year? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
11
Does the REIT satisfy one or more of the following? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
a
The REIT owns a pass-through entity with current or prior-year carryover excess business interest expense.
**b **The REIT’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $31 million and the REIT has business interest expense.
c
The REIT is a tax shelter and the REIT has business interest expense.
If “Yes” to any of the above, complete and attach Form 8990.
12
Does the REIT intend to self-certify as a Qualified Opportunity Fund? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” complete and attach Form 8996. Enter the amount (if any) from Form 8996, line 15
$
13
Is the REIT a member of a controlled group? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach Schedule O (Form 1120). See instructions.
|||

|1
Check method of accounting:
a
Cash
b
Accrual
c
Other (specify):
**2 **
At the end of the tax year, did the REIT own, directly or indirectly, 50% or more of the voting stock of a domestic
corporation? (For rules of attribution, see section 267(c).) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned,
and (c) taxable income or (loss) before NOL and special deductions of such corporation for the tax year ending
with or within your tax year.
3
Is the REIT a subsidiary in a parent-subsidiary controlled group?
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter the name and EIN of the parent corporation:
**4
At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly,
50% or more of the REIT’s voting stock? (For rules of attribution, see section 856(h).) .
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing name and identifying number. (Do not include any information already
entered in3 **above.) Enter percentage owned .
.
.
.
.
.
.
.
**5 **

At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of: (a) the total
voting power of all classes of stock of the REIT entitled to vote, or (b) the total value of all classes of stock of the
REIT? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter:
a
Percentage owned:
b
Owner’s country:
c
The REIT may have to file Form 5472. Enter number of Forms 5472 attached
.
.
.
.
.
**6 **

During this tax year, did the REIT pay dividends (other than stock dividends and distributions in exchange for
stock) in excess of the REIT’s current and accumulated earnings and profits? (See sections 301 and 316.) .
.
.
If “Yes,” file Form 5452.
7
Check this box if the REIT issued publicly offered debt instruments with original issue discount
.
.
.
.
.
If so, the REIT may have to file Form 8281.
8
Enter the amount of tax-exempt interest received or accrued during the tax year
.
.
.
$
**9 **
Enter the available NOL carryover from prior tax years. (Do not reduce it by any deduction
on page 1, line 22a.)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$
10
Did the REIT have an election under section 163(j) for any real property trade or business or any farming business
in effect during the tax year? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
11
Does the REIT satisfy one or more of the following? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
a
The REIT owns a pass-through entity with current or prior-year carryover excess business interest expense.
**b **The REIT’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $31 million and the REIT has business interest expense.
c
The REIT is a tax shelter and the REIT has business interest expense.
If “Yes” to any of the above, complete and attach Form 8990.
12
Does the REIT intend to self-certify as a Qualified Opportunity Fund? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” complete and attach Form 8996. Enter the amount (if any) from Form 8996, line 15
$
13
Is the REIT a member of a controlled group? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach Schedule O (Form 1120). See instructions.
|||

|1
Check method of accounting:
a
Cash
b
Accrual
c
Other (specify):
**2 **
At the end of the tax year, did the REIT own, directly or indirectly, 50% or more of the voting stock of a domestic
corporation? (For rules of attribution, see section 267(c).) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned,
and (c) taxable income or (loss) before NOL and special deductions of such corporation for the tax year ending
with or within your tax year.
3
Is the REIT a subsidiary in a parent-subsidiary controlled group?
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter the name and EIN of the parent corporation:
**4
At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly,
50% or more of the REIT’s voting stock? (For rules of attribution, see section 856(h).) .
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing name and identifying number. (Do not include any information already
entered in3 **above.) Enter percentage owned .
.
.
.
.
.
.
.
**5 **

At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of: (a) the total
voting power of all classes of stock of the REIT entitled to vote, or (b) the total value of all classes of stock of the
REIT? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter:
a
Percentage owned:
b
Owner’s country:
c
The REIT may have to file Form 5472. Enter number of Forms 5472 attached
.
.
.
.
.
**6 **

During this tax year, did the REIT pay dividends (other than stock dividends and distributions in exchange for
stock) in excess of the REIT’s current and accumulated earnings and profits? (See sections 301 and 316.) .
.
.
If “Yes,” file Form 5452.
7
Check this box if the REIT issued publicly offered debt instruments with original issue discount
.
.
.
.
.
If so, the REIT may have to file Form 8281.
8
Enter the amount of tax-exempt interest received or accrued during the tax year
.
.
.
$
**9 **
Enter the available NOL carryover from prior tax years. (Do not reduce it by any deduction
on page 1, line 22a.)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$
10
Did the REIT have an election under section 163(j) for any real property trade or business or any farming business
in effect during the tax year? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
11
Does the REIT satisfy one or more of the following? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
a
The REIT owns a pass-through entity with current or prior-year carryover excess business interest expense.
**b **The REIT’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $31 million and the REIT has business interest expense.
c
The REIT is a tax shelter and the REIT has business interest expense.
If “Yes” to any of the above, complete and attach Form 8990.
12
Does the REIT intend to self-certify as a Qualified Opportunity Fund? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” complete and attach Form 8996. Enter the amount (if any) from Form 8996, line 15
$
13
Is the REIT a member of a controlled group? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach Schedule O (Form 1120). See instructions.
|||

|1
Check method of accounting:
a
Cash
b
Accrual
c
Other (specify):
**2 **
At the end of the tax year, did the REIT own, directly or indirectly, 50% or more of the voting stock of a domestic
corporation? (For rules of attribution, see section 267(c).) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned,
and (c) taxable income or (loss) before NOL and special deductions of such corporation for the tax year ending
with or within your tax year.
3
Is the REIT a subsidiary in a parent-subsidiary controlled group?
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter the name and EIN of the parent corporation:
**4
At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly,
50% or more of the REIT’s voting stock? (For rules of attribution, see section 856(h).) .
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing name and identifying number. (Do not include any information already
entered in3 **above.) Enter percentage owned .
.
.
.
.
.
.
.
**5 **

At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of: (a) the total
voting power of all classes of stock of the REIT entitled to vote, or (b) the total value of all classes of stock of the
REIT? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter:
a
Percentage owned:
b
Owner’s country:
c
The REIT may have to file Form 5472. Enter number of Forms 5472 attached
.
.
.
.
.
**6 **

During this tax year, did the REIT pay dividends (other than stock dividends and distributions in exchange for
stock) in excess of the REIT’s current and accumulated earnings and profits? (See sections 301 and 316.) .
.
.
If “Yes,” file Form 5452.
7
Check this box if the REIT issued publicly offered debt instruments with original issue discount
.
.
.
.
.
If so, the REIT may have to file Form 8281.
8
Enter the amount of tax-exempt interest received or accrued during the tax year
.
.
.
$
**9 **
Enter the available NOL carryover from prior tax years. (Do not reduce it by any deduction
on page 1, line 22a.)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$
10
Did the REIT have an election under section 163(j) for any real property trade or business or any farming business
in effect during the tax year? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
11
Does the REIT satisfy one or more of the following? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
a
The REIT owns a pass-through entity with current or prior-year carryover excess business interest expense.
**b **The REIT’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $31 million and the REIT has business interest expense.
c
The REIT is a tax shelter and the REIT has business interest expense.
If “Yes” to any of the above, complete and attach Form 8990.
12
Does the REIT intend to self-certify as a Qualified Opportunity Fund? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” complete and attach Form 8996. Enter the amount (if any) from Form 8996, line 15
$
13
Is the REIT a member of a controlled group? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach Schedule O (Form 1120). See instructions.
|||

|1
Check method of accounting:
a
Cash
b
Accrual
c
Other (specify):
**2 **
At the end of the tax year, did the REIT own, directly or indirectly, 50% or more of the voting stock of a domestic
corporation? (For rules of attribution, see section 267(c).) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned,
and (c) taxable income or (loss) before NOL and special deductions of such corporation for the tax year ending
with or within your tax year.
3
Is the REIT a subsidiary in a parent-subsidiary controlled group?
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter the name and EIN of the parent corporation:
**4
At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly,
50% or more of the REIT’s voting stock? (For rules of attribution, see section 856(h).) .
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing name and identifying number. (Do not include any information already
entered in3 **above.) Enter percentage owned .
.
.
.
.
.
.
.
**5 **

At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of: (a) the total
voting power of all classes of stock of the REIT entitled to vote, or (b) the total value of all classes of stock of the
REIT? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter:
a
Percentage owned:
b
Owner’s country:
c
The REIT may have to file Form 5472. Enter number of Forms 5472 attached
.
.
.
.
.
**6 **

During this tax year, did the REIT pay dividends (other than stock dividends and distributions in exchange for
stock) in excess of the REIT’s current and accumulated earnings and profits? (See sections 301 and 316.) .
.
.
If “Yes,” file Form 5452.
7
Check this box if the REIT issued publicly offered debt instruments with original issue discount
.
.
.
.
.
If so, the REIT may have to file Form 8281.
8
Enter the amount of tax-exempt interest received or accrued during the tax year
.
.
.
$
**9 **
Enter the available NOL carryover from prior tax years. (Do not reduce it by any deduction
on page 1, line 22a.)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$
10
Did the REIT have an election under section 163(j) for any real property trade or business or any farming business
in effect during the tax year? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
11
Does the REIT satisfy one or more of the following? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
a
The REIT owns a pass-through entity with current or prior-year carryover excess business interest expense.
**b **The REIT’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $31 million and the REIT has business interest expense.
c
The REIT is a tax shelter and the REIT has business interest expense.
If “Yes” to any of the above, complete and attach Form 8990.
12
Does the REIT intend to self-certify as a Qualified Opportunity Fund? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” complete and attach Form 8996. Enter the amount (if any) from Form 8996, line 15
$
13
Is the REIT a member of a controlled group? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach Schedule O (Form 1120). See instructions.
|||

|1
Check method of accounting:
a
Cash
b
Accrual
c
Other (specify):
**2 **
At the end of the tax year, did the REIT own, directly or indirectly, 50% or more of the voting stock of a domestic
corporation? (For rules of attribution, see section 267(c).) .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned,
and (c) taxable income or (loss) before NOL and special deductions of such corporation for the tax year ending
with or within your tax year.
3
Is the REIT a subsidiary in a parent-subsidiary controlled group?
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter the name and EIN of the parent corporation:
**4
At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly,
50% or more of the REIT’s voting stock? (For rules of attribution, see section 856(h).) .
.
.
.
.
.
.
.
.
.
If “Yes,” attach a statement showing name and identifying number. (Do not include any information already
entered in3 **above.) Enter percentage owned .
.
.
.
.
.
.
.
**5 **

At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of: (a) the total
voting power of all classes of stock of the REIT entitled to vote, or (b) the total value of all classes of stock of the
REIT? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” enter:
a
Percentage owned:
b
Owner’s country:
c
The REIT may have to file Form 5472. Enter number of Forms 5472 attached
.
.
.
.
.
**6 **

During this tax year, did the REIT pay dividends (other than stock dividends and distributions in exchange for
stock) in excess of the REIT’s current and accumulated earnings and profits? (See sections 301 and 316.) .
.
.
If “Yes,” file Form 5452.
7
Check this box if the REIT issued publicly offered debt instruments with original issue discount
.
.
.
.
.
If so, the REIT may have to file Form 8281.
8
Enter the amount of tax-exempt interest received or accrued during the tax year
.
.
.
$
**9 **
Enter the available NOL carryover from prior tax years. (Do not reduce it by any deduction
on page 1, line 22a.)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$
10
Did the REIT have an election under section 163(j) for any real property trade or business or any farming business
in effect during the tax year? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
11
Does the REIT satisfy one or more of the following? See instructions .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
a
The REIT owns a pass-through entity with current or prior-year carryover excess business interest expense.
**b **The REIT’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $31 million and the REIT has business interest expense.
c
The REIT is a tax shelter and the REIT has business interest expense.
If “Yes” to any of the above, complete and attach Form 8990.
12
Does the REIT intend to self-certify as a Qualified Opportunity Fund? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” complete and attach Form 8996. Enter the amount (if any) from Form 8996, line 15
$
13
Is the REIT a member of a controlled group? .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
If “Yes,” attach Schedule O (Form 1120). See instructions.
|||

Form 1120-REIT (2025) Page 5