Fom 1120-H - Income Tax Return for Homeowners Associations - Instructions and Form Fields

Sep 19, 2026

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Income Tax Return for Homeowners Associations form 1120-H for calendar year 2025 or a specified tax year. Includes sections to check return type (final, name change, address change, amended), classify homeowners association type, compute exempt function income and related 60%/90% tests, summarize gross income and deductions, calculate taxable income, tax, credits, payments, and determine amount owed or overpayment. Concludes with signature and paid preparer information requirements and IRS guidance references.

LanguageEnglish

CategoryForms

FormatPDF

Pages1

AccessFree to download

Form Overview

Return Type and Association Details

Exempt Function Income and Tests

Gross Income and Deductions

Tax, Credits, Payments, and Amount Owed/Overpayment

Signatures and Preparer Information

# Fom1120-HU.S.Income Tax Return for Homeowners Associations OMB No.1545-0123 Department of the TreasuryFor calendar year 2025 or tax year beginnin____------___,_2025,ending,20 Go to www.irs.gov/Form1120H for instructions and the latest information. Internal Revenue Service | Check if:
(1)□Final return
(2)□Name change
(3)□Address change
(4)□Amended retum | | | Name | | | | | Employer identification number | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | Number and street.If aP.O.box,see instructions. | | | Room or suite number | | Date association formed | | | | | | | | | City or town | State or province | Country | ZIP or foreign postal code | | | | | | | | A Check type of homeowners association:
□Condominium management association □Residentia real estate association | | | | | | | | | | □Timeshare association | | | | B Total exempt function income.Must meet 60%gross income test.See instructions
C Total expenditures made for purposes described in 90%expenditure test.See instructions.
D
Association's total expenditures for the tax year.See instructions ..
E Tax-exempt interest received or accrued during the tax year.... | | | | | | | | | | B | | | | | | | | | | | | | | C | | | | | | | | | | | | | | D | | | | | | | | | | | | | | E | | | | function income)
Gross Income
(excluding exempt | 1 Dividends ..........
2 Taxable interest ..
3 Gross rents....
4 Gross royalties ...
5 Capital gain net income (attach Schedule D(Form 1120))
6 Net gain or(loss)from Form 4797,Part II,line 17(attach Form 4797)
7 Other income (excluding exempt function income)(attach statement).
8 Gross income(excluding exempt function income).Add lines 1 through 7 | | | | | | | | | 1 | | | | | | | | | | | | | | 2 | | | | | | | | | | | | | | 3 | | | | | | | | | | | | | | 4 | | | | | | | | | | | | | | 5 | | | | | | | | | | | | | | 6 | | | | | | | | | | | | | | 7 | | | | | | | | | | | | | | 8 | | | | Deductions
excluding exempt function income)
production of gross income,
(directly connected to the | 9 Salaries and wages .........
10 Repairs and maintenance.......
11 Rents............
12 Taxes and licenses .........
13 Interest .............
14 Depreciation (attach Form 4562)....
15 Other deductions(attach statement) .
16 Total deductions.Add lines 9 through 15
17 Taxable income before specific deduction of $100.Subtract line 16 from line 8
18
Specific deduction of $100 .......... | | | | | | | | | 9 | | | | | | | | | | | | | | 10 | | | | | | | | | | | | | | 11 | | | | | | | | | | | | | | 12 | | | | | | | | | | | | | | 13 | | | | | | | | | | | | | | 14 | | | | | | | | | | | | | | 15 | | | | | | | | | | | | | | 16 | | | | | | | | | | | | | | 17 | | | | | | | | | | | | | | 18 | $100 | | | Tax and Payments | Taxable income.Subtract line 18 from line 17........
19
Enter 30%(0.30)of line 19.(Timeshare associations,enter 32%(0.32)of line 19.) ....
20
21 Tax credits (see instructions)..............
22 Total tax.Subtract line 21 from line 20.See instructions for recapture of certain credits..
23a Preceding year's overpayment credited to the current year....
23a | | | | | | | | | 19 | | | | | | | | | | | | | | 20 | | | | | | | | | | | | | | 21 | | | | | | | | | | | | | | 22 | | | | | | | | | | | | | | | | | | | b Current year's estimated tax payments...........
23b
23c
c Tax

FAQs

What homeowners association information is required at the top of Form 1120-H?

The form collects association name and address, employer identification number, date the association was formed, and the type of homeowners association (e.g., condominium management, residential real estate, timeshare).

How does the form compute taxable income?

It totals gross income lines 1 through 8, subtracts total deductions, then applies a specific $100 deduction to arrive at taxable income (line 19 and following calculation steps).

What determines whether the association must report an amount owed or an overpayment?

After calculating total tax, it subtracts tax credits to get total tax, then compares payments and credits (including amounts from prior-year overpayment and estimated payments) against total tax to determine amount owed or overpayment.

Sep 19, 2026

Upload by Jasmine