@Kimberley 

"TaxGuyBill already posted this. It's not what we are asking about in this thread."

Okay, I think you might want to read this entire topic, again. How many times will you need to see: They are treated The Same.

Would these other topics help?

https://proconnect.intuit.com/community/s-corporation/help/s-corporation-schedule-m-1-m-3-frequently...

https://proconnect.intuit.com/community/loans/help/paycheck-protection-program-ppp-loan-forgiveness-...

https://proconnect.intuit.com/community/balance-sheet/help/tax-basis-capital-account-reporting/01/12...

https://proconnect.intuit.com/community/s-corporation/help/s-corporation-schedule-m-1-m-3-frequently...

https://proconnect.intuit.com/community/corporation/help/how-to-enter-forgiven-ppp-loans-in-lacerte/...

Perhaps there is a specific thing you want help with. So far, all you asked is how to enter EIDL, which is nontaxable other Income, and the PPP Loan would be entered the same once it is forgiven, since it also is nontaxable.

Is there something we missed?