Real Estate

Report investment real estate and income produced by real estate in Schedule A. 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. 

Real Estate: Examples

For You, Your Spouse, and Your Dependent Children

Schedule A

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

Block A: Describe the type of real estate (e.g., “residential,” “commercial,” “industrial,” or “undeveloped”) and provide the location (city and state). Do not provide a street address.

Block B: Report the value of the real estate by marking the appropriate column.

Block C: Report the total amount of income produced during the reporting period by marking the appropriate “Amount” column. If the amount of income is more than $200, you also need to report the type of income by marking the applicable “Type” column(s). Usually the type of income will be “rent and royalties” or “capital gains.”

Schedule C, Part I

Report a mortgage that exceeded $10,000 at any point during the reporting period for Schedule C, Part I, unless the mortgage is on a personal residence.

Other Requirements

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

Trust: If the real estate is held in a trust, contact an ethics official at your agency for additional guidance.

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

Mineral Rights: If you, your spouse, or dependent child earns income based on the leasing of mineral rights, use the instructions in this guide for an oil, gas, or other mineral rights lease.

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This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.