Ditto1
Level 1
09-11-2021
09:23 AM
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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