Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
PPP
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Joanne2
Level 2
03-12-2021
10:45 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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
This discussion has been locked.
New comments cannot be posted on this discussion anymore. Start a
new discussion
1 Comment 1
sjrcpa
Level 15
03-12-2021
11:44 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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
