bkolenda
Level 2

Per 2021 Form 1120-S draft instructions (page 45)- PPP Loan Expense associated with PPP Loan Forgiveness Income are to be reported on line 5 of OAA. Most tax software programs by default reported 2020 expense under AAA. IRS did not provide guidance in 2020.

How do we get the 2021 Form 1120-S ProSeries program to report  payroll expenses, etc. to report PPP Loan Expenses on line 5 of OAA  and not on AAA? 

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