Can TurboTax do Homeowner Association returns (Form 1120-H)?

TurboTax Business can handle Form 1120-H, which you'll need to fill out in Forms mode. Here's how:

1. Open TurboTax Business, start a new return, and proceed to What type of return do you need to prepare?
2. Select Business return and then C Corporation (Form 1120). Click Continue.
3. In the upper right corner, click the Forms icon. This will put you into Forms mode.
4. On the Corporation Information Worksheet, scroll down to Part II – Type of Return and check the first box for 1120-H.
5. In Part III – Tax Year and Filing Information, enter the date your association formed in MM/DD/YYYY format.
6. Now scroll all the way to the bottom of the worksheet and click the very last Quickzoom button at the bottom to open the 1120-H.
7. Fill out the form manually until you no longer see (Not Done) next to 1120-H in the left pane.
   • Tip: Select the errors "exclamation mark" icon to see what missing fields still need to be filled out.
8. When finished, click Print at the bottom of your screen, as 1120-H cannot be e-filed. You can also print the filing instructions by selecting Filing Instr in the Forms in My Return pane.