1120 -- where do I put a ppp loan that has not yet been forgiven. I understand PPP forgiven goes on M-1 as not included on income

KSue · ‎06-15-2021

I don't think my unforgiven yet PPP loan should be entered as income on my 1120.but am not sure. Does it go on the M-1 where my forgiven PPP and EIDL are put?--

qbteachmt · ‎06-15-2021

A loan not forgiven is Debt (Liability).

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