Federal Tax Returns

Started by DWayneD • 1 replies • 1913 views

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DWayneD (Texas)
Posts: 11

Posted:

Our developer/Management Co is filing U.S. Return of Partnership Income (form 1065) I am under the impression that we should file U.S. Income Tax Return for Homeowners Associations (Form 1120 or 1120H). Which is the correct one?

RogerB (Colorado)
Posts: 5,067

Posted:

DWayne, I normally recommend 1120-H for most HOAs. In certain cases 1120 HOAs may find 1120 has financial advantages.

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