vscpanm
Level 5
02-18-2021
04:53 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
form 1120-S page 3 question 12 asks if there was any debt canceled or forgiven. If a PPP loan is forgiven do we answer yes and enter the amount forgiven? PPP loans for Fed purposes are exempt. States might not be. How do we answer if it is forgiven?
Labels