HudsonCPA
Level 2

Is it possible to prepare a different Schedule C for Fed than State?

Under MA rules about PPP, the treatment of the forgiven loan is different than the IRS rules. 

Under IRS rules, the forgiveness amount is not included in income, and the expenses used for forgiveness excluded also.

Under MA rules (TIR 20-9), the forgiveness amount IS included in income, and the expenses used for forgiveness are INCLUDED.

Can we use ProSeries to prepare the Schedule C for Fed differently than the Schedule C for MA?

Thank you.

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