If you own rental property, understanding and complying with Form 1038 is essential for properly filing taxes. It's important to familiarize yourself with this document so that your reporting obligations are fulfilled accurately, fairly and in line with IRS regulations. In this blog post, we'll break down exactly what Form 1038 is, how it works and how to use it when dealing with rental income from properties owned by a single taxpayer or married couple. We'll also cover some of the key points regarding who needs the form as well as any other necessary steps you should take before submitting your tax return. Read on to find out more!
| Question | Answer |
|---|---|
| Form Name | Standard Form 1038 |
| Form Length | 24 pages |
| Fillable? | Yes |
| Fillable fields | 510 |
| Avg. time to fill out | 36 min |
| Other names | APPROPRIATION, GSA, CFR, APPROVING |
