Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 


Level 2

I am filing an 1120S for which I am not required to have a balance sheet.  How to I show PPP information?  I am in the process of having the loan forgiven.  Any help is greatly appreciated

0 Cheers

This discussion has been locked. New comments cannot be posted on this discussion anymore. Start a new discussion

1 Comment 1
Level 15

It is a balance sheet liability, whether or not you're presenting the balance sheet.

Now for state, who knows if you can deduct the related expenses? Each state is different. You'll need to research.

0 Cheers