EIDL Grants - 2020 Returns

[jwarta]

I file a 1120S and California 100S.   I know to exclude the grant from the income statement and balance sheet.  How do I correct imbalances created, reconcile M1 and M2, and report K1's correctly

[M-MTax]

https://cpahalltalk.com/ppp-eidl-accounting/

https://windhambrannon.com/blog/accounting-strategies-eidl-advance-ppp-loans/