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PPP FORGIVENESS

buscemicpa
Level 1

HAVE THEY RULED YET ON THE TAX TREATMENT  FOR S CORP'S WITH PPP IN 2020 AND FORGIVENESS IN 2021 . FOR 2020 DO YOU REPORT THE PPP AS A LOAN OR AS TAX FREE INCOME THEREFORE INCREASING THE BASIS OF THE SHAREHOLDERS

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IntuitTaxGuy
Employee
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IntuitTaxGuy
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