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In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
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- LLC 1040/ S CORP PPP?
LLC 1040/ S CORP PPP?
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michele
Level 7
11-30-2022
03:11 PM
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LLC was a 1040 filer in 2020 and received ppp loan. Filing as an S Corp 2021 and received forgiveness in 2021. Can't decide does the ppp go on the s-corp as the untaxed income or is it totally left off since it was originally under his 1040.
thx
Michele
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