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PPP Loan Adjustment

Level 1

Where are you reporting the PPP loan forgiveness?

Going against wages or seperate line?



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2 Comments 2
Level 15

For the federal?  How about nontaxable income?

Slava Ukraini!
Level 15
Level 15

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