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PPP Tax-Exempt Income Statement
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dech
Level 1
01-18-2022
04:37 PM
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"NOTE: The forgiveness of a PPP Loan creates tax-exempt income. Although the taxpayer doesn't need to report the income from the forgiveness of a PPP Loan on Form 1040 or 1040-SR, it is required to attach a PPP Loan forgiveness statement to the tax return for both 2020 and 2021 loan forgiveness. The input for this required statement is located in the Miscellaneous Information input screen."
I can't find it in Miscellaneous Information, anyone have any ideas?
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George4Tacks
Level 15
01-18-2022
04:56 PM
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Hopefully this will get you there
Here's wishing you many Happy Returns
dech
Level 1
02-02-2022
11:33 AM
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Thanks, it took them a few days to update the module.
