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In the upcoming filing season, I need to do a tax return for an HOA but I can't find it on Proseries Professional is it something to buy extra?
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Look for 1120-H https://proconnect.intuit.com/supported-tax-forms/?forms=pspro
Answers are easy. Questions are hard!
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It has been quite a while, but I remember correctly, you start it as a 1120. Then there is a check box that changes it to an "H".
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Yep, its a checkbox on the 1120.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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You choose the 1120-H from the 1120 return. There is a check box in the information worksheet to choose the 1120-H. If is just below the name and address section.
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Is Proseries able to file 1120-H electronically?
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In earlier years no, could not e-file 1120 H in Pro Series. Not sure about 2024. Maybe someone will jump in that knows for sure
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You open up the return for a Corporation 1120. In the Corporation Information just below the Company info part 1 there is part II. Type of Return. Choose the Prepare Form 1120-H
Dick Schmidt EA
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Form 1120-H has to be paper filed. Can't be e-filed
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I was able to successfully efile an extension for an 1120H via ProSeries for the 2024 tax year even though I was told that was not available. Haven't tried the actual return yet, however.
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Yes! I filed all 10 HOAs I do, electronically.
In previous years, you could not. In 2024 you can.