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C
cas8161
Level 2
January 21, 2021
Question

PPP Loan Adjustment

  • January 21, 2021
  • 2 replies
  • 15 views

Where are you reporting the PPP loan forgiveness?

Going against wages or seperate line?

 

 

This topic has been closed for replies.

2 replies

IRonMaN
IRonMaN
Level 15
January 21, 2021

For the federal?  How about nontaxable income?

Slava Ukraini!
    Just-Lisa-Now-
    Just-Lisa-Now-Intuit Community Champion
    Intuit Community Champion
    January 21, 2021

    The expenses are all deductible for federal, you wouldn't adjust them.  Do you mean for a state?  Which state, what type of return?

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