michele
Level 7

LLC was a 1040 filer in 2020 and received ppp loan. Filing as an S Corp 2021 and received forgiveness in 2021. Can't decide does the ppp go on the s-corp as the untaxed income or is it totally left off since it was originally under his 1040.

thx

Michele

0 Cheers
sjrcpa
Level 15

S Corp return. It is the same entity.


Ex-AllStar