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PPP

Joanne2
Level 2

I am filing an 1120S for which I am not required to have a balance sheet.  How to I show PPP information?  I am in the process of having the loan forgiven.  Any help is greatly appreciated

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1 Reply 1
sjrcpa
Level 15

It is a balance sheet liability, whether or not you're presenting the balance sheet.

Now for state, who knows if you can deduct the related expenses? Each state is different. You'll need to research.


ex-AllStar
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