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- 1120 -- where do I put a ppp loan that has not yet been forgiven. I understand PPP forgiven goes on M-1 as not included on income
1120 -- where do I put a ppp loan that has not yet been forgiven. I understand PPP forgiven goes on M-1 as not included on income
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KSue
Level 1
06-15-2021
11:43 AM
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I don't think my unforgiven yet PPP loan should be entered as income on my 1120.but am not sure. Does it go on the M-1 where my forgiven PPP and EIDL are put?--
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1 Comment 1
qbteachmt
Level 15
06-15-2021
11:52 AM
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A loan not forgiven is Debt (Liability).
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