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PPP/EIDL Grant Forgiveness

Level 1

Is there going to be a PPP/EIDL Grant Loan forgiveness worksheet added to ProSeries in an upcoming update? 

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Level 15

What are you hoping to see on a worksheet for a nontaxable event?

This week's special - free amended tax returns to anybody bringing in a signed copy of the law providing tax breaks for unemployment.
Level 15
Level 15

No.   Forgiveness is between you and the SBA.

And while the expenses you used the money for are still deductible for federal purposes, your state may differ, so you'll need to look into your state's conformity.

Level 15

For Business returns it's called M-1.