Drake Tax - Form 1120-H
Article #: 11648
Last Updated: June 05, 2025
Form 1120-H, US Income Tax return for a Homeowners Association, is available for e-file starting with Drake Tax 2024.
To generate Form 1120-H, follow these steps:
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Create a corporate 1120 return.
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Go to the first Other Forms tab.
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Select the H screen. Once the H screen has been completed, an 1120-H will be generated instead of an 1120 return.
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Screens 1, 2, INC, DED, D, 4562, and 4797 should also be completed, as needed, to carry information to the 1120-H return.
Note Entries made on the C screen do not flow to the 1120-H return. Instead, Wks DRD is generated to show the amount of credit that could be used if they chose to file a regular 1120 instead of the 1120-H.
For more information, see FAQ O in an 1120 return.
Amend Form 1120-H
To indicate that Form 1120-H is an amended return, check the box Amended return on screen H. The IRS does not currently support e-filing of an amended Form 1120-H, so the corrected return will need to be printed and paper-filed.
The 1120-H, U.S. Income Tax return for a Homeowners Association, cannot be electronically filed.
To generate Form 1120-H for paper-filing, follow these steps:
-
Create a corporate 1120 return.
-
Go to the first Other Forms tab.
-
Select the H screen. Once the H screen has been completed, an 1120-H will be generated instead of an 1120 return.
-
Screens 1, 2, INC, DED, D, 4562, and 4797 should also be completed, as needed, to carry information to the 1120-H return.
Note Entries made on the C screen do not flow to the 1120-H return. Instead, Wks DRD is generated to show the amount of credit that could be used if they chose to file a regular 1120 instead of the 1120-H.
For more information, see FAQ O in an 1120 return.