skyworks
Level 5
‎03-14-2022 11:21 AM

Hi,

Any one filed  PPP loan forgiveness and attached a statement for S Corp?

The system created a worksheet for Sch K, line16b, is this enough?

 

Do I need attach a seperately statement of forgiveness? 

Thanks!

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skyworks
Level 5
‎03-14-2022 03:32 PM

Hi update:

I found the input of PPP loan under Miscellineous - system created statement.

But where is EIDL loan forgiveness input?

 

Anyone know that?

 

 

 

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sjrcpa
Level 15
‎03-14-2022 04:18 PM

I didn't think EIDL loans got forgiven.


The more I know the more I don’t know.
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skyworks
Level 5
‎03-14-2022 04:37 PM

 

thanks,

my client told me (I did not prepare their last year return),

There are advance loans given, not repayment.??

Targeted EIDL

Supplemental Targeted

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