iizukaakemi
Level 1
07-20-2021
09:04 AM
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On Federal (1120S), I enter non-taxable PPP loan forgiveness (M-1 5a tax exempt income). I like this forgiveness to be taxable on 100S as I didn't meet 25% income decrease in the pervious quarter.
Where should I adjust the PPP forgiveness income to be taxable on 100S returns?