How to File Form 1120-H for a Homeowners Association

The Form 1120-H is filed by a U.S. domestic homeowners association to report its gross income and expenses.

HOA's are generally only subject to corporate income taxes on their net investment income that is not considered exempt function income.

Under certain circumstances, an HOA may qualify as a tax-exempt entity filing a Form 990, or taxed as a regular corporation filing Form 1120.

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