Client is a self-employed (sole proprietor) consultant who received a PPP loan for his lost income. The loan was forgiven. My understanding is that forgiven loan is not taxable, but I'm also assuming that it needs to be reported. Where would I input this PPP loan/forgiveness information?
Thanks,
Mark
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You don't need to report it.
No place - other than maybe his state return
Since PPP Forgiveness is FULLY TAXABLE in some states...The question remains open...How do you report it in ProSeries?
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