Reliable1
Level 1

I have a new homeowner association client.  I would like to file an 1120-H is there a form in Proseries?

If I end up filing the 1120-S they have been filing is there somewhere I can find verification to be able to take the depreciation on the condominium they all own?  They each are receiving a K-1 now with depreciation weighted by ownership.

The president of the association feels this is not correct, but I can't find where there would be reason not to

Thank you

 

 

0 Cheers