2017 Instructions for Form 1120-REIT

1 Userid: CPMS chema: instrxLeadpct: 100%Pt. size: 9 Draft Ok to PrintAH XSL/XMLF ileid: .. /I1120 REIT/2018/A/XML/Cycle08/source(Init. & Date) _____Page 1 of 21 16:07 - 9-Jan-2019 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before for form Income Tax Return for Real Estate Investment TrustsDepartment of the TreasuryInternal Revenue ServiceSection references are to the Internal Revenue Code unless otherwise of Missing Taxpayer Advocate To Get Forms and of Must Requirements To Qualify as a of REIT Subsidiaries (TRS).

2 2 Where To To Must Preparer the Tax and Off to Whole Forms That May Be and B. 100%-owned Subsidiaries and Personal Holding C. Employer Identification Number (EIN)..8 Item D. Date REIT E. Total F. Final Return, Name Change, Address Change, or Amended G. Type of H. PBA Code (Equity REITs Only)..9 Part I Real Estate Investment Trust Taxable II Tax on Net Income From Foreclosure III Tax for Failure To Meet Certain Source-of-Income IV Tax on Net Income From Prohibited A Deduction for Dividends J Tax K Other L Balance Sheets per DevelopmentsFor the latest information about developments related to form 1120-REIT and its Instructions , such as legislation enacted after they were published, go to 's NewTax rates.

3 The Tax Cuts and Jobs Act ( 115-97) replaced the graduated corporate tax structure with a flat 21% corporate tax rate, and repealed the corporate alternative minimum tax (AMT), effective for tax years beginning after change for filling returns. The filling address for REITs located in certain areas will change for returns filed after June 17, 2019. See Where To File, interest expense limitation. For tax years beginning in 2018, every taxpayer who deducts business interest is required to file form 8990, Limitation on Business Interest Expense Under Section 163(j), unless an exception for filing is met.

4 See Schedule K, Questions 10 and 11, in the Instructions . For more information, see form 8990 and the related of Global Intangible Low-Taxed Income (GILTI). 115-97 enacted new section 951A, which requires shareholders of controlled foreign corporations to determine and include their GILTI in taxable income every year. Section 951A is effective for tax years of foreign corporations beginning after 2017 , and to tax years of shareholders in which or with which such tax years of foreign corporations end.

5 Use form 8992 to figure the domestic corporation's GILTI and attach it to form 1120-REIT . See section 951A for more of deferred foreign income upon transition to participation ex-emption system of taxation. shareholders of specified foreign corporations (as defined under section 965(e), as amended by 115-97) may have an inclusion under section 965 based on the post-1986 deferred foreign income of the specified foreign corporations determined as of November 2, 2017 , or December 31, 2017 . The shareholders may elect to pay the liability under section 965 on the post-1986 deferred foreign income in eight installments.

6 See section 965, as amended. For more information, see form 965 and the related rules for eligible gains inves-ted in Qualified Opportunity Funds. Effective December 22, 2017 , section 1400Z-2 provides shareholders investing eligible gains in Qualified Opportunity Funds (QOF) tax-favored investments. If the REIT is operating as a QOF, form 8996, Qualified Opportunity Fund, may be required. See form 8996 and the related Instructions . Also, see form 1120-REIT , Schedule K, Question the time these Instructions went to print, several credits and deductions available to corporations expired on December 31, 2017 .

7 To find out if legislation extended the credits and deductions and made them available for 2018, go to of Missing ChildrenThe Internal Revenue Service is a proud partner with the National Center for Missing & Exploited Children (NCMEC). Photographs of missing children selected by the Center may appear in Instructions on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a Taxpayer Advocate ServiceThe Taxpayer Advocate Service (TAS) is an independent organization within the IRS that helps taxpayers and protects taxpayer rights.

8 TAS's job is to ensure that every taxpayer is treated fairly and knows CAUTION!Jan 09, 2019 Cat. No. 64243 JPage 2 of 21 Fileid: .. /I1120 REIT/2018/A/XML/Cycle08/source16:07 - 9-Jan-2019 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before understands their rights under the Taxpayer Bill of a taxpayer, the REIT has rights that the IRS must abide by in its dealings with the REIT. TAS can help the REIT if: A problem is causing financial difficulty for the business.

9 The business is facing an immediate threat of adverse action. The REIT has tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date TAS tax toolkit at can help the REIT understand these has offices in every state, the District of Columbia, and Puerto Rico. Local advocates' numbers are in their local directories and at The REIT also can call TAS at also works to resolve large-scale or systemic problems that affect many taxpayers. If the REIT knows of one of these broad issues, please report it to TAS through the Systemic Advocacy Management System at more information, go to To Get Formsand PublicationsInternet.

10 You can access the IRS website 24 hours a day, 7 days a week, at to: Download forms, Instructions , and publications; Order IRS products online; Research your tax questions online; Search publications online by topic or keyword; View Internal Revenue Bulletins (IRBs) published in recent years; and Sign up to receive local and national tax news by forms and publications. The REIT can download or print all of the forms and publications it may need at , the REIT can go to to place an order and have forms mailed to it.