Federal U.S. Income Tax Return for Homeowners Associations

U.S. Income Tax Return for Homeowners Associations
2025 Form 1120-H
Form

1120-H

Department of the Treasury
Internal Revenue Service

Check if:
(1)
Final return
(2)
Name change
(3)
Address change
(4)
Amended return

Tax and Payments

Deductions

(directly connected to the
production of gross income,
excluding exempt function income)

Gross Income

(excluding exempt
function income)

A
B
C
D
E

Sign
Here

U.S. Income Tax Return for Homeowners Associations
For calendar year 2025 or tax year beginning

, 2025, ending

OMB No. 1545-0123

2025

, 20

Go to www.irs.gov/Form1120H for instructions and the latest information.

Employer identification number

Name
Room or suite number

Number and street. If a P.O. box, see instructions.
City or town

State or province

Date association formed

ZIP or foreign postal code

Country

Check type of homeowners association:
Condominium management association
Residential real estate association
Total exempt function income. Must meet 60% gross income test. See instructions . . . . . .
Total expenditures made for purposes described in 90% expenditure test. See instructions . . . .
Association’s total expenditures for the tax year. See instructions . . . . . . . . . . . .
Tax-exempt interest received or accrued during the tax year . . . . . . . . . . . . . .
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 . . . . . . .
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
. . . . . . . . . . . . . . . . . . . . . .
19
Taxable income. Subtract line 18 from line 17 . . . . . . . . . . . . . . . .
20
Enter 30% (0.30) of line 19. (Timeshare associations, enter 32% (0.32) of line 19.)
. . . .
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
b Current year’s estimated tax payments . . . . . . . . . . .
23b
c Tax deposited with Form 7004 . . . . . . . . . . . . .
23c
d Credit for tax paid on undistributed capital gains (attach Form 2439) .
23d
e Credit for federal tax paid on fuels (attach Form 4136) . . . . . .
23e
f Elective payment election amount from Form 3800 . . . . . . .
23f
g Total payments and credits. Combine lines 23a through 23f . . . . . . . . . . .
24
Amount owed. Subtract line 23g from line 22. See instructions
. . . . . . . . . .
25
Overpayment. Subtract line 22 from line 23g
. . . . . . . . . . . . . . . .
Enter portion of line 25 you want: a Credited to 2026 estimated tax . .
26
b Refunded
c

Routing number

e

Account number

d Type:

Checking

Timeshare association
B
C
D
E
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
$100
18
19
20
21
22

23g
24
25
26b

Savings

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is
true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Signature of officer

Paid
Preparer
Use Only

Preparer’s name

Date

May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No

Title

Preparer’s signature

Date

Firm’s name

PTIN

Firm’s EIN

Firm’s address

For Paperwork Reduction Act Notice, see separate instructions.

Check
if
self-employed

Phone no.
Cat. No. 11477H

Form 1120-H (2025) Created 4/16/25