Question
Where to enter taxable PPP loan forgiveness in California (S corp) in Proseries?
On Federal (1120S), I enter non-taxable PPP loan forgiveness (M-1 5a tax exempt income). I like this forgiveness to be taxable on 100S as I didn't meet 25% income decrease in the pervious quarter.
Where should I adjust the PPP forgiveness income to be taxable on 100S returns?
