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- PPP Forgiveness not taken on 2020 return when should have been - Only option to amend?
PPP Forgiveness not taken on 2020 return when should have been - Only option to amend?
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Emm1234
Level 3
03-31-2022
04:37 PM
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I have a 1120-S client that failed to report PPP loan forgiveness on 2020 tax return since it was forgiven in 2020 - Is the only option to amend the 2020 return?
It seems like such a minor issue to do an amended return since it is not taxable, so wanted to see if there was any other options.
