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Same with SC-2210. I've had to suppress the penalty and inform the client that they may receive an underpayment penalty notice. I think this carries forward wit...
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I'm pretty sure that the same diagnostic comes up for all of the states. I'm in SC and they say that unemployment taxable on the Federal return is taxable to SC...
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I have a couple of clients whos' shareholder distributions will become taxable as capital gains if the loan is not considered income in 2020.
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I have seen threads here that address this issue, but have conflicting information. Some believe yet-to-be forgiven loans remain a liability on the tax return, ...
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I had my hopes up with today's update, but it's still not fixed. This is getting beyond frustrating.
