IRS Wants Your Take on Rental Tax Form Hassles
Published Date: 3/12/2026
Notice
Summary
The IRS wants your thoughts on Form 8703, which helps certify residential rental projects. If you’re involved in housing or property management, this affects you! They’re asking for comments by May 11, 2026, to make sure the form is clear and not too much work, with no new costs expected.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Annual Form 8703 Burden on Operators
If you operate a residential rental project or run a for-profit housing business, you may need to complete Form 8703 each year. The IRS estimates 6,000 responses, about 12 hours 47 minutes per response, and a total annual burden of 76,620 hours; comments on the form are requested by May 11, 2026.
Keeps Bond Interest Tax-Exempt
Form 8703 collects annual information to show a residential rental project still qualifies under Internal Revenue Code section 142(d). If the project continues to qualify and other requirements are met, bonds issued for the project are treated as exempt facility bonds and the interest paid on them is not taxable to the recipient.
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