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Minnesota adjustments for PPP Loan and Cares Act

trapperlon
Level 2
 
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3 Replies 3
TaxGuyBill
Level 14

Yes.

Do you have a question?

trapperlon
Level 2

Is ProSeries making the necessary adjustments on the Minnesota returns for the differences between Federal and Minnesota for the PPP loans and the provisions of the CARES Act?

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IRonMaN
Level 15

The software isn't that smart, you have to do that yourself.  Personally, I'm waiting to see if the brain trusts in St Paul are going to change the law to comply with the federal before I finish up any of those returns.

Armpit sniffer. Yup, checked out the help wanted ads and found the job. With my nose, how can I go wrong?