Form 8997: Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments
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Form 8997: Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments

Form 8997 is used by corporations and trusts that have elected to be taxed as a REIT under Internal Revenue Code section 856. It is used to report the initial and annual election, as well as the termination of the REIT election. The form must be filed with the IRS and signed by the REIT’s principal officer or trustee.

What is Form 8997?

Form 8997 is used to provide the IRS with the initial and/or annual registration for a real estate investment trust (REIT) to be taxed accordingly. It is also used to report the termination of an election to be a REIT, and is completed by a corporation or trust that has elected to be a REIT under Internal Revenue Code section 856. The form must include the name, address, employer identification number (EIN), and taxpayer identification number (TIN) of the REIT’s principal officer or trustee. It must be signed by the officer or trustee and filed with the IRS by the due date of the REIT’s tax return.

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IRS Form 8997 – Who Needs to Fill It Out?

To fill out Form 8997, you must be a corporation or trust that has elected to be taxed as a REIT under Internal Revenue Code section 856. The form must be filed with the IRS by the REIT’s tax return due date and must be signed by the REIT’s principal officer or trustee. Required information includes the name, address, employer identification number, and taxpayer identification number of both the REIT and the principal officer or trustee.

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Step-by-Step: Form 8997 Instructions For Filling Out the Document

Form 8997 must be filed with the IRS by the due date of the REIT’s tax return and signed by the REIT’s principal officer or trustee. Information required on the form includes the REIT’s name, address, and employer identification number (EIN), as well as the name, address, and taxpayer identification number (TIN) of the principal officer or trustee. The form is used to report the initial and annual election to be taxed as a REIT, or the termination of an election to be taxed as a REIT, for corporations or trusts that have elected to be taxed under Internal Revenue Code section 856.

Below, we present a table that will help you understand how to fill out Form 8997.

Information Required for Form 8997 Details
Filing Deadline File with REIT’s tax return by the due date
Signature Must be signed by the REIT’s principal officer or trustee
REIT Information Enter REIT’s name, address, and EIN
Principal Officer/Trustee Enter their name, address, and TIN
Purpose Report initial, annual election, or termination to be taxed as a REIT
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Do You Need to File Form 8997 Each Year?

Yes. Form 8997 must be filed each year with the IRS by the due date of the REIT’s tax return. The form must be signed by the REIT’s principal officer or trustee and must include information such as the name, address, employer identification number (EIN), and taxpayer identification number (TIN) of the REIT and its principal officer or trustee. This form is used to report the initial and annual election to be taxed as a REIT, and to report the termination of an election to be taxed as a REIT.

Download the official IRS Form 8997 PDF

On the official IRS website, you will find a link to download Form 8997. However, to make it easier for you, we are providing the link in our article, which comes directly from the official irs.gov website! Click to download: Form 8997

Sources:

https://www.irs.gov/forms-pubs/about-form-8997

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