### Question
How does Corporations Used to Avoid Income Tax on Shareholders define personal holding company income?


### Answer
Under *26 U.S.C. § 543*, **personal holding company income** is defined as:

> the portion of the adjusted ordinary gross income which consists of:


#### (1) Dividends, etc

#### Citation:
  - *26 U.S.C. § 543*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter G-Corporations Used to Avoid Income Tax on Shareholders > PART II-PERSONAL HOLDING COMPANIES**

