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Jacksonville Florida Form 1120-REIT: What You Should Know

Federal Form 1065 (Permanent Fund) must file federal Form 1065, however, this form is required only if a distribution to shareholders is required (see instructions). 12. 13. Federal Form 5498 (Resident Tax Status) must file Florida Form 5498, however, this form is required only if a tax is due.  15. 16. Florida Individual Income Tax. 17. 18. Taxable income must include all amounts includible in gross income in the state tax Return. (See instructions) 19. 20. Payment of income tax on investment income or gain or payment of capital gains on a sale, exchange, rental or leasing of property.

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