gamacpa
Level 3
03-21-2022
05:56 PM
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I filed a 1065 with PPP amount included as income. (thinking loan forgiveness, and deducting ALL expenses.)
I think I erred if PPP forgiveness is NOT taxable even though expenses are deductible?
What should I should I have NOTED on lacerte orginally, if PPP forgiveness is not taxable income.?
Thank you in advance.
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