Sch H (1120-F) - Deductions Allocated To Connected Income

What is the form used for? :

• A foreign corporation that files Form 1120-F uses this schedule to report the amount of the foreign corporation's deductible expenses allocated and apportioned under Regulations sections 1.861-8 and 1.861-17 and Temporary Regulations section 1.861-8T between ECI and non-ECI.

Is the form Supported in our program? Yes

How to access the form: To access the form, you will need to open a 1040 return on the desktop and then go to Add Form/Display, and type Sch H.

Limits to the form: This form can only be accessed from the desktop software. This form cannot be copied.

IRS Publication: https://www.irs.gov/pub/irs-pdf/i1120fh.pdf

Solution Articles:

Sch H (1120) - Section 280H Limitations for a PSC