gamacpa
Level 3

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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