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- PPP Forgiveness Statement within a Consolidated C-Corp Return
PPP Forgiveness Statement within a Consolidated C-Corp Return
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nbr99
Level 1
09-22-2022
04:06 PM
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I file a consolidated 1120 return and one of the subsidiary companies received a PPP loan and forgiveness. On the subsidiary "return" in Lacerte Tax, it is generating the forgiveness statement as per Rev. Proc. 2021-48. However, that particular statement is not flowing through to the consolidator return. All other statements flow as necessary, but not that one. Is there something I need to do within the program to force that statement to flow up to the consolidated return?
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