Ditto1
Level 1

Yes, PPP forgiveness.

 

Funds given on 5/12/20 - so this was on the balance sheet as a liability on the 2019 FYE tax return.

Forgiven on 5/17/21 - so this was forgiven for the 2020 FYE tax return.

Just not sure now how to treat the liability being forgiven on the 2020 FYE tax return in Proconnect.

Thanks

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