Form 1120-H, U.S. Income Tax Return for Homeowners Associations

A homeowners association files Form 1120-H, U.S. Income Tax Return for Homeowners Associations, as its income tax return to take advantage of certain tax benefits. These benefits, in effect, allow the association to exclude exempt function income from its gross income.

Instructions for Form 1120-H, U.S. Income Tax Return for Homeowners Associations

A homeowners association files Form 1120-H, U.S. Income Tax Return for Homeowners Associations, as its income tax return to take advantage of certain tax benefits. These benefits, in effect, allow the association to exclude exempt function income from its gross income.

Form 1120 (Schedule D), Capital Gains and Losses

Use Schedule D (Form 1120), Capital Gains and Losses to figure the overall gain or loss from transactions reported on Form 8949, Sales and Other Dispositions of Capital Assets, report certain transactions the corporation does not have to report on Form 8949, report gain from Form 6252, Installment Sale Income, or from Part I of Form 4797, Sales of Business Property, report gain or loss from Form 8824, Like-Kind Exchanges, report unused capital loss carryover, and report capital gain distributions not reported directly on Form 1120, line 8 (or effectively connected capital gain distributions not reported directly on Form 1120-F, 1120-C, 1120-H, or all other related forms).

Instructions for Schedule D (Form 1120), Capital Gains and Losses

Use Schedule D (Form 1120), Capital Gains and Losses to figure the overall gain or loss from transactions reported on Form 8949, Sales and Other Dispositions of Capital Assets, report certain transactions the corporation does not have to report on Form 8949, report gain from Form 6252, Installment Sale Income, or from Part I of Form 4797, Sales of Business Property, report gain or loss from Form 8824, Like-Kind Exchanges, report unused capital loss carryover, and report capital gain distributions not reported directly on Form 1120, line 8 (or effectively connected capital gain distributions not reported directly on Form 1120-F, 1120-C, 1120-H, or all other related forms).