What is the correct answer to Form 1065 Schedule B Question 6 about debt if you had a PPP loan that was forgiven or will be forgiven since the forgiven loan is not considered income?
What is the correct answer to Form 1065 Schedule B Question 6 about debt if you had a PPP loan that was forgiven or will be forgiven since the forgiven loan is not considered income?
Question 6 is as follows: During the tax year, did the partnership have any debt that was canceled, was forgiven, or had the terms modified so as to reduce the principal amount of the debt?
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