I don't know what to do I have so many clients now that have negative equity due to EIDL loans - how is everyone handling this - make it income???
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Are these Forgiven already?
Read this Help article:
https://proconnect.intuit.com/community/business-income-taxes/help/how-to-enter-forgiven-ppp-loans-i...
EIDL is not forgivable.
If they have negative equity, that's what they have.
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