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M
Mikki18
Level 3
January 31, 2021
Solved

PPP Loan Forgiveness

  • January 31, 2021
  • 5 replies
  • 30 views

On a Partnership form 1065 return where do you enter PPP Loan forgiveness?

This topic has been closed for replies.
Best answer by IRonMaN

It is a book/tax difference for federal and maybe taxable for your state.

5 replies

IRonMaN
IRonMaNAnswer
Level 15
January 31, 2021

It is a book/tax difference for federal and maybe taxable for your state.

Slava Ukraini!
    abctax55
    abctax55
    Level 15
    January 31, 2021

    AKA -  M-1 adjustments

    HumanKind... Be Both
      T
      TaxGuyBill
      January 31, 2021

      When you typed your question, you probably would have seen several suggested articles, including this one:

      https://proconnect.intuit.com/community/business-income-taxes/help/how-to-enter-forgiven-ppp-loans-in-proseries/00/119460

       

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