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PPP Loan Forgiveness

Mikki18
Level 2

On a Partnership form 1065 return where do you enter PPP Loan forgiveness?

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IRonMaN
Level 15

It is a book/tax difference for federal and maybe taxable for your state.


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IRonMaN
Level 15

It is a book/tax difference for federal and maybe taxable for your state.


Sign up here for pot stirring classes - 7:00pm Thursdays

View solution in original post

abctax55
Level 15

AKA -  M-1 adjustments

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Mikki18
Level 2

Thank you

IRonMaN
Level 15

You betcha!


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TaxGuyBill
Level 15

When you typed your question, you probably would have seen several suggested articles, including this one:

https://proconnect.intuit.com/community/business-income-taxes/help/how-to-enter-forgiven-ppp-loans-i...