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Subject: Federal Tax Returns
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Author Messages
DWayneD
(Texas)

Posts:11


07/12/2006 7:35 PM  
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:5067


07/13/2006 9:53 AM  
DWayne, I normally recommend 1120-H for most HOAs. In certain cases 1120 HOAs may find 1120 has financial advantages.
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