What is the form used for?
A corporation that is a personal holding company (PHC) uses Schedule PH (Form 1120) to figure the PHC tax.
Is the form Supported in our program? The Schedule PH form is available for the 1120 package exclusive to the Desktop version of UltimateTax.
How to access the form: While in a return, use the Add Form function to add a new Sch PH form to the return.
Limits to the form: This form is only available to the 1120 "C" Corp package. You may only have one copy of this form per return.
IRS Link: https://www.irs.gov/forms-pubs/about-schedule-ph-form-1120
