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PPP Tax-Exempt Income Statement

dech
Level 1

"NOTE: The forgiveness of a PPP Loan creates tax-exempt income. Although the taxpayer doesn't need to report the income from the forgiveness of a PPP Loan on Form 1040 or 1040-SR, it is required to attach a PPP Loan forgiveness statement to the tax return for both 2020 and 2021 loan forgiveness. The input for this required statement is located in the Miscellaneous Information input screen."

I can't find it in Miscellaneous Information, anyone have any ideas?

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2 Comments 2
George4Tacks
Level 15

Hopefully this will get you there

https://proconnect.intuit.com/community/business-tax-credits-and-deductions/help/how-to-enter-forgiv...

 


Answers are easy. Questions are hard!
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dech
Level 1

Thanks, it took them a few days to update the module.

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