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Level 1
January 14, 2021
Question

PPP/EIDL Grant Forgiveness

  • January 14, 2021
  • 3 replies
  • 19 views

Is there going to be a PPP/EIDL Grant Loan forgiveness worksheet added to ProSeries in an upcoming update? 

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3 replies

IRonMaN
Level 15
January 14, 2021

What are you hoping to see on a worksheet for a nontaxable event?

Slava Ukraini!
Just-Lisa-Now-
Intuit Community Champion
January 14, 2021

No.   Forgiveness is between you and the SBA.

And while the expenses you used the money for are still deductible for federal purposes, your state may differ, so you'll need to look into your state's conformity.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15
January 14, 2021

For Business returns it's called M-1.

The more I know the more I don’t know.