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    PPP Loan Forgiveness

    Mikki18
    Level 2

    On a Partnership form 1065 return where do you enter PPP Loan forgiveness?

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    IRonMaN
    Level 15

    It is a book/tax difference for federal and maybe taxable for your state.


    Slava Ukraini!

    View solution in original post

    5 Comments 5
    IRonMaN
    Level 15

    It is a book/tax difference for federal and maybe taxable for your state.


    Slava Ukraini!
    abctax55
    Level 15

    AKA -  M-1 adjustments

    HumanKind... Be Both
    Mikki18
    Level 2

    Thank you

    IRonMaN
    Level 15

    You betcha!


    Slava Ukraini!
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    TaxGuyBill
    Level 15

    When you typed your question, you probably would have seen several suggested articles, including this one:

    https://proconnect.intuit.com/community/business-income-taxes/help/how-to-enter-forgiven-ppp-loans-i...