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- 1120-H STARTUP INCOME
1120-H STARTUP INCOME
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michele
Level 7
03-01-2022
04:13 PM
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1120-H has income that was turned over to them from the developer to start the association. I am assuming this is considered income to them and is considered taxable if they do not meet the expense rule. Anyone use to preparing 1120-h I have a significant number I always prepare bbut had been formed for years.
thanks
Michele
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