Hega3
Level 1

I understand that forgiven PPP loans and EIDL Advances are treated same for tax purposes, but how is Lacerte treating EIDL?  There is special input for forgiven PPP Loans (screen 10 for Pships and screen 13 for Scorp) and if you enter the amount of EIDL Advance in same location, then the statement automatically generated shows "PPP Loan Forgiven", but it does flow it through properly to M-1, etc.  If you don't use the PPP section, then you have to manually enter all the adjustments to M-1, etc.  Would be nice if Lacerte had entry specifically for EIDL Advances so the statement would be correct....if there is one, I haven't been able to find it