PPP Loan Forgiveness

[Ken59711]

On MN S-Corp Schedule KS Totals for MN Non Conforming Items, the entry for Paycheck Protection Program requires a negative entry on the form (Line 1).  Should not that entry be positive?

[IRonMaN]

@Orlando 

Ken makes an interesting point.  PPP loan forgiveness currently is an add back to income for Minnesota.  However, the form does not allow you to enter a positive number, only a negative number can be entered (schedule KS page 2 line 1).  This results in a subtraction from income instead of an addition.  Can you shed any light on this issue?

[Orlando]

I've asked those in the know.. stay tuned.  

[IRonMaN]

Thanks!