The very best sunsets are at Driftwood Sands overlooking the Gulf of Mexico.
Driftwood Sands is a cozy beachfront 45 unit complex in Indian Rocks Beach.
About Driftwood Sands
Prestigious Driftwood Sands (DWS) is a private beachfront complex located in scenic Indian Rocks Beach, Florida overlooking the Gulf of Mexico and its timeless sunsets.
The spacious condominiums feature 2-4 bedrooms, with many master bedroom suites overlooking the Gulf of Mexico, large double or walk in closets, laundry room, garage private storage lockers and private balconies all with gulf views.
The complex is a well-managed community with an active Board of Directors, Building maintenance superintendent, grounds committee and Property Management Company.
Amenities include assigned covered & guest parking, dual elevators, library/meeting suite, shuffleboard, poolside restrooms, direct beach access, outdoor shower, a beachfront pool, sundeck with lounge chairs and tables, and a waterfront covered pavilion equipped with gas/charcoal barbeques, granite countertop, sink and serving areas for all your entertaining needs. The Pavilion may be partially reserved by owners for private or family gatherings.
c Tax deposited with Form 7004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Go to www.irs.gov/Form1120H for instructions and the latest information.
g
No
Yes
DAA
Form 1120-H (2024)
Firm's name
Firm's EIN
self-employed
Print/Type preparer's name
Date
PTIN
Check
Date
Title
Signature of officer
shown below? See instr.
May the IRS discuss this return with the preparer
and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
Timeshare association
Residential real estate association
Condominium management association
City or town, state or province, country, and ZIP or foreign postal code
Date association formed
Number, street, and room or suite no. If a P.O. box, see instructions.
Name
Internal Revenue Service
Department of the Treasury
OMB No. 1545-0123
Enter amount of line 25 you want: Credited to 2025 estimated tax
Total payments and credits. Combine lines 23a through 23f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Elective payment election amount from Form 3800 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Credit for federal tax paid on fuels (attach Form 4136) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Credit for tax paid on undistributed capital gains (attach Form 2439) . . . . . . . . . . . . . . .
Current year’s estimated tax payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Preceding year’s overpayment credited to the current year . . . . . . . . . . . . . . . . . . . . . . . . .
Tax credits (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter 30% (0.30) of line 19. (Timeshare associations, enter 32% (0.32) of line 19.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Specific deduction of $100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Taxable income before specific deduction of $100. Subtract line 16 from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation (attach Form 4562) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other income (excluding exempt function income) (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Capital gain net income (attach Schedule D (Form 1120)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gross royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Taxable interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tax-exempt interest received or accrued during the tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Association’s total expenditures for the tax year. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total expenditures made for purposes described in 90% expenditure test. See instructions . . . . . . . . . . . . . . . . . . . . . . . . .
Total exempt function income. Must meet 60% gross income test. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Check type of homeowners association:
Amended return
(4)
Address change
(3)
Name change
(2)
Final return
(1)
Check if:
, and ending
For calendar year 2024 or tax year beginning
Form
For Paperwork Reduction Act Notice, see separate instructions.
Use Only
Preparer
Paid
26
Refunded
26
25
Overpayment. Subtract line 22 from line 23g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
24
Amount owed. Subtract line 23g from line 22. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
23g
23f
f
23e
e
23d
d
23c
23b
b
23a
23a
22
Total tax. Subtract line 21 from line 20. See instructions for recapture of certain credits . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
21
21
20
20
19
Taxable income. Subtract line 18 from line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
18
18
17
17
16
Total deductions. Add lines 9 through 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
15
15
14
14
13
13
12
12
11
11
10
10
9
9
8
Gross income (excluding exempt function income). Add lines 1 through 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
7
7
6
6
5
5
4
4
3
3
2
2
1
1
E
E
D
D
C
C
B
B
A
Employer identification number
Here
Sign
Tax and Payments
Deductions (directly connected to the production of gross income, excluding exempt function income)
Gross Income (excluding exempt function income)
for Homeowners Associations
U.S. Income Tax Return
2024
1120-H
Preparer's signature
if
Firm's address
Phone no.
TYPE
OR
PRINT
Driftwood Sands Condominium Assoc.
59-2211151
2618 Gulf Blvd
Indian Rocks Beach FL 33785
06/12/1981
X
X
653,856
436,234
439,026
10,877
Stmt 1
600
11,477
Stmt 2
2,792
2,792
8,685
100
8,585
2,576
2,576
2,576
X
Julie Jaram
Julie Jaram
03/25/25
P01209552
Devin & Associates, Inc.
27-0130187
24700 Center Ridge Road, Suite 215
Westlake, OH
44145-5606
440-892-3340
DRIFTWOODSA 03/25/2025
03/26/2025 President
DRIFTWOODSA Driftwood Sands Condominium Assoc.
3/25/2025
59-2211151
Federal Statements
FYE: 12/31/2024
Statement 1 - Form 1120-H, Line 7 - Other Income
Description
Amount
Kayak Rentals
$ 600
Total
$ 600
Statement 2 - Form 1120-H, Line 15 - Other Deductions
Description
Amount
Management
$ 1,355
ACCOUNTING
500
Insurance
600
Administrative
337
Total
$ 2,792
1-2
Go to www.irs.gov/Form1120H for instructions and the latest information.
g
No
Yes
DAA
Form 1120-H (2024)
Firm's name
Firm's EIN
self-employed
Print/Type preparer's name
Date
PTIN
Check
Date
Title
Signature of officer
shown below? See instr.
May the IRS discuss this return with the preparer
and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
Timeshare association
Residential real estate association
Condominium management association
City or town, state or province, country, and ZIP or foreign postal code
Date association formed
Number, street, and room or suite no. If a P.O. box, see instructions.
Name
Internal Revenue Service
Department of the Treasury
OMB No. 1545-0123
Enter amount of line 25 you want: Credited to 2025 estimated tax
Total payments and credits. Combine lines 23a through 23f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Elective payment election amount from Form 3800 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Credit for federal tax paid on fuels (attach Form 4136) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Credit for tax paid on undistributed capital gains (attach Form 2439) . . . . . . . . . . . . . . .
Current year’s estimated tax payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Preceding year’s overpayment credited to the current year . . . . . . . . . . . . . . . . . . . . . . . . .
Tax credits (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter 30% (0.30) of line 19. (Timeshare associations, enter 32% (0.32) of line 19.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Specific deduction of $100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Taxable income before specific deduction of $100. Subtract line 16 from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation (attach Form 4562) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other income (excluding exempt function income) (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Capital gain net income (attach Schedule D (Form 1120)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gross royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Taxable interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tax-exempt interest received or accrued during the tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Association’s total expenditures for the tax year. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total expenditures made for purposes described in 90% expenditure test. See instructions . . . . . . . . . . . . . . . . . . . . . . . . .
Total exempt function income. Must meet 60% gross income test. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Check type of homeowners association:
Amended return
(4)
Address change
(3)
Name change
(2)
Final return
(1)
Check if:
, and ending
For calendar year 2024 or tax year beginning
Form
For Paperwork Reduction Act Notice, see separate instructions.
Use Only
Preparer
Paid
26
Refunded
26
25
Overpayment. Subtract line 22 from line 23g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
24
Amount owed. Subtract line 23g from line 22. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
23g
23f
f
23e
e
23d
d
23c
23b
b
23a
23a
22
Total tax. Subtract line 21 from line 20. See instructions for recapture of certain credits . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
21
21
20
20
19
Taxable income. Subtract line 18 from line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
18
18
17
17
16
Total deductions. Add lines 9 through 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
15
15
14
14
13
13
12
12
11
11
10
10
9
9
8
Gross income (excluding exempt function income). Add lines 1 through 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
7
7
6
6
5
5
4
4
3
3
2
2
1
1
E
E
D
D
C
C
B
B
A
Employer identification number
Here
Sign
Tax and Payments
Deductions (directly connected to the production of gross income, excluding exempt function income)
Gross Income (excluding exempt function income)
for Homeowners Associations
U.S. Income Tax Return
2024
1120-H
Preparer's signature
if
Firm's address
Phone no.
TYPE
OR
Driftwood Sands Condominium Assoc.
59-2211151
2618 Gulf Blvd
Indian Rocks Beach FL 33785
06/12/1981
X
X
653,856
436,234
439,026
10,877
Stmt 1
600
11,477
Stmt 2
2,792
2,792
8,685
100
8,585
2,576
2,576
2,576
X
Julie Jaram
Julie Jaram
03/25/25
P01209552
Devin & Associates, Inc.
27-0130187
24700 Center Ridge Road, Suite 215
Westlake, OH
44145-5606
440-892-3340
DRIFTWOODSA 03/25/2025
03/26/2025 President
DRIFTWOODSA Driftwood Sands Condominium Assoc.
3/25/2025
59-2211151
Federal Statements
FYE: 12/31/2024
Statement 1 - Form 1120-H, Line 7 - Other Income
Description
Amount
Kayak Rentals
$ 600
Total
$ 600
Statement 2 - Form 1120-H, Line 15 - Other Deductions
Description
Amount
Management
$ 1,355
ACCOUNTING
500
Insurance
600
Administrative
337
Total
$ 2,792
1-2