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    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?

     

     

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    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♥¸¸.•*¨*•♫♪






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