PPP loan forgiveness staement

Forum|Forum|4 years ago
January 26, 2022
4 replies
19 views

Will proseries be updating the 1120s for PPP loan forgiveness statement?

ProSeries Professional

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Theyre working on it. I brought it to the attention of Moderators last week that it was missing for the 1120 and 1065 modules, you can grab a sample of what it should say from the Sch C, and you could type your own and attach if you dont want to wait.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

dkh

Level 15

How could that have been missed ??? Doesn't Intuit employ any tax professionals for consulting on the tax programs ?

Just-Lisa-Now-

Intuit Community Champion

I dunno. I asked where we could find the statement in the business entity returns and nobody could find it, so they bumped it up the line in development.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

M

MobileTaxGuy

Level 3

They just added it under Miscellaneous -> Other misc forms -> PPP Loan Stmt

dd4vols

Intuit Community Champion

OR... if you click on the Forms Icon,,,and scroll all the way to the right...it's the very last form listed.

BUT, BUT, it still has rev proc 2021-48 (which is correct) as the title of the statement, BUT BUT when the statement prints, it references rev proc 2021-49 (which is incorrect). It's been brought to the programer's attention... but no correction yet.

OOPS my bad..was stuck in a 1040 world...please disregard...

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dkh

Level 15

PPP Statement for 1120S and 1065 - Intuit Accountants Community

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