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PPP Loan forgiveness for partnership tax returns
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eva
Level 3
02-25-2022
02:40 PM
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There are a lot of answers and what I deduced was that the forgiven loan that is sitting in "Other Income" should be released on Line 6 in M-1.
It throws Sch L out of balance.
Any thought, Gurus?
Thank you.
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dkh
Level 15
02-25-2022
03:18 PM
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I bookmarked some threads regarding PPP loan forgiveness
Maybe something in one of these will help
How to record ppp loan forgiveness on tax return - Intuit Accountants Community
