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PPP loan worksheet
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bheizer
Level 4
01-23-2022
01:34 PM
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I found answer to previous quesiton about filling in the ppp loan forgiveness worksheet....
But now I find that I have client that both spouses applied for loans....one on Sch C and two on Schedule F.
When I went to Sch C and fill out the form it processed and everything was great.
Then went to Sch F and farmer client filed for a first draw in 2020 and it was approved. Then he applied for second draw in 2021 and when I go to worksheet it won't let me fill out because it combined the Sch C and the Sch F onto one form.
Should I combine the amount received from both spouses in 2021 and put on the shc C? Seems maybe ProSeries needs to add additional worksheets to combine to one.
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The_AntiTax_Man
Level 8
01-25-2022
08:51 AM
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@bheizer Thanks for the heads up.
