Generate Schedule PH—Personal holding company

Schedule PH for a Personal Holding Company is generated by entering data in the
PH
screen in the
Taxes
folder. If a consolidated company is subject to the Personal Holding Company tax, then complete the
PH
screen in the consolidated client. If 1 or more members of the consolidated group are subject to the PHC tax, but the consolidated company isn't, leave the
PH
screen blank, and the application doesn't calculate the PHC tax at the consolidated level.
note
Foreign corporations are excluded from the personal holding company rules for tax years beginning after December 31, 2005.

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