8612 (draft) Return of Excise Tax on Undistributed Income of Real Est

Note: The draft you are looking for begins on the next page.

Caution: DRAFT—NOT FOR FILING

This is an early release draft of an IRS tax form, instructions, or publication,
which the IRS is providing for your information. Do not file draft forms. We
incorporate all significant changes to forms posted with this coversheet.
However, unexpected issues occasionally arise, or legislation is passed—in this
case, we will post a new draft of the form to alert users that changes were made
to the previously posted draft. Thus, there are never any changes to the last
posted draft of a form and the final revision of the form. Forms and instructions
are subject to OMB approval before they can be officially released, so we post
drafts of them until they are approved. Drafts of instructions and pubs usually
have some additional changes before their final release. Early release drafts are
at IRS.gov/DraftForms and remain there after the final release is posted at
IRS.gov/LatestForms. Also see IRS.gov/Forms.
Most forms and publications have a page on IRS.gov: IRS.gov/Form1040 for
Form 1040; IRS.gov/Pub501 for Pub. 501; IRS.gov/W4 for Form W-4; and
IRS.gov/ScheduleA for Schedule A (Form 1040), for example, and similarly for
other forms, pubs, and schedules for Form 1040. When typing in a link, type it
into the address bar of your browser, not a Search box on IRS.gov.
If you wish, you can submit comments to the IRS about draft or final forms,
instructions, or pubs at IRS.gov/FormsComments. Include “NTF” followed by the
form or pub number (for example, “NTF1040”, “NTFW4”, “NTF501”, etc.) in the
body of the message to route your message properly. We cannot respond to all
comments due to the high volume we receive and may not be able to consider
many suggestions until the subsequent revision of the product, but we will
review each “NTF” message. If you have comments on reducing paperwork and
respondent (filer) burden, with respect to draft or final forms, please respond to
the relevant information collection through the Federal Register process; for
more info, click here.

TREASURY/IRS AND OMB USE ONLY DRAFT
Form

8612

(Rev. December 2025)

Return of Excise Tax on Undistributed Income of
Real Estate Investment Trusts

Department of the Treasury
Internal Revenue Service

Go to www.irs.gov/Form8612 for instructions and the latest information.

Name of REIT

Employer identification number

Number and street. If a P.O. box, see instructions.

Room or suite no.

City or town

1a

Required Distribution

ZIP code

Taxable income under section 857(b)(2) for the calendar year.
See instructions . . . . . . . . . . . . . . . .

b Multiply line 1a by 85% (0.85)

1a
.

.

.

.

.

.

.

1b

.

.

.

.

.

.

.

2b

.

.

.

.

.

.

.

3c

.

.

.

.

.

.

.

4

Deduction for dividends paid under section 561 during the calendar year. See instructions .
Amount on which tax is imposed under sections 857(b)(1) or (b)(3)(A) for any tax year ending
in or with the calendar year. See instructions . . . . . . . . . . . . . . . .
7a Distributed amount for the previous calendar year under section
4981(c). Enter amount from line 3b above . . . . . . .
7a
b Grossed up required distribution for the previous calendar year.
Enter amount from line 3a above . . . . . . . . . .
7b

5

2a

.

.

.

.

.

.

.

.

.

.

.

.

.

.

Capital gain net income under section 4981(e)(2) for the
calendar year. See instructions . . . . . . . . . . .

2a
b Multiply line 2a by 95% (0.95) . . . . . . . . . . . . . .
3a Grossed up required distribution for the previous calendar year.
See instructions . . . . . . . . . . . . . . . .
3a
b Distributed amount for the previous calendar year under section
4981(c) . . . . . . . . . . . . . . . . . . .
3b
c Subtract line 3b from line 3a. If zero or less, enter -0- . . . . . .
4

Required distribution. Add lines 1b, 2b, and 3c .

.

.

.

.

.

.

.

5
6

Distributed Amount
Tax and Payments

State

c

Subtract line 7b from line 7a. If zero or less, enter -0-

6

.

.

.

.

.

.

.

.

.

.

.

.

.

7c

.

.

.

.

.

.

8

Distributed amount. Add lines 5, 6, and 7c .

.

.

.

.

.

.

.

8

9

Undistributed income. Subtract line 8 from line 4. If zero or less, enter -0-

.

.

.

.

.

.

9

10

Excise tax on undistributed income. Multiply line 9 by 4% (0.04) .

.

.

.

.

.

.

.

.

.

10

11

Tax paid with extension of time to file (Form 7004)

.

.

.

.

.

.

.

.

.

.

.

.

.

11

12

Tax due. Subtract line 11 from line 10. See instructions .

.

.

.

.

.

.

.

.

.

.

.

.

12

. . . . .
c Type:

.

.

.

.

.

.

.

.

.

13a

13a Overpayment. Subtract line 10 from line 11 .
b Routing number

.

.

.

.

.

.

Checking

DRAFT — DO NOT FILE

DRAFT — DO NOT FILE

OMB No. 1545-1013

For calendar year 20

Savings

d Account number

Sign
Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Date

Signature of officer

Paid
Preparer
Use Only

Preparer’s name

Preparer’s signature

Date

Firm’s name

Check
if
self-employed

PTIN

Firm’s EIN

Firm’s address

For Paperwork Reduction Act Notice, see instructions.

Title

Phone no.

Cat. No. 64121U

Form 8612 (Rev. 12-2025) Created 8/18/25