- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Per instructions for 1120s and 1065 there must be an attachment with the following PPP information (see pg 34 of 1120s instructions) Protection Program (PPP) reporting. Report tax-exempt income resulting from the forgiveness of a PPP loan on this line. Attach a statement to the S corporation return for each tax year in which the S corporation is applying Rev. Proc. 2021-48, sections 3.01(1), (2), or (3). The statement should also include the following information for each PPP loan.
1.
The S corporation’s name, address, and EIN;
2.
A statement that the S corporation is applying section 3.01(1), (2), or (3) of Rev. Proc. 2021-48, as applicable;
3.
The amount of tax-exempt income from forgiveness of the PPP loan that the S corporation is treating as received or accrued during the tax year; and
4.
Whether forgiveness of the PPP loan has been granted as of the date the return is filed
We attached a PDF file with all requirements as "other" (the only available option) and the return was rejected based on that attachments with the type "other" are not supported. How do I attach a document that is required if it will be rejected?
I also wonder why there is a supported statement for 1040 sch C, E and F but not the 1120s and 1065 in the Proseries software.