Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Products
  • Workflow Tools
  • Learn & Support
  • Sign In
  • Products
  • Workflow Tools
  • Contact Us
  • Sign In
  • Learn & Support
    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 

    PPP Loan Adjustment

    cas8161
    Level 1
    ‎01-21-2021 04:07 PM

    Where are you reporting the PPP loan forgiveness?

    Going against wages or seperate line?

     

     

    0 Cheers

    This discussion has been locked. No new contributions can be made. You may start a new discussion here

    2 Comments 2
    IRonMaN
    Level 15
    ‎01-21-2021 04:09 PM

    For the federal?  How about nontaxable income?


    Slava Ukraini!
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎01-21-2021 04:09 PM

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


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪






    Intuit Lacerte Tax
    Intuit ProConnect Tax
    Intuit ProSeries Tax
    Additional Accounting Solutions
    Tax Pro Center
    Tax Practice Resources
    Call sales: 844-877-9422
    Sitemap

    ©1997-2024 Intuit, Inc. All rights reserved.

    Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

    By accessing and using this page you agree to the Terms and Conditions.

    About Cookies | Manage Cookies
    Legal Privacy Security