Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

PPP/EIDL Grant Forgiveness

petro
Level 1

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

Labels (1)
0 Cheers
3 Replies 3
IRonMaN
Level 15

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


Sign up here for pot stirring classes - 7:00pm Thursdays
Just-Lisa-Now-
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.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15

For Business returns it's called M-1.


ex-AllStar