Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 3
posted Feb 25, 2024 6:06:20 PM

PPP for S-corp reporting

Last year (2022) I reported that the PPP was forgiven and the amount on 1120S. 

 

Do I report it again and carry it forward, or was that a one time thing?

0 1 360
1 Replies
Expert Alumni
Feb 26, 2024 6:01:02 AM

No. You don't carry forward or report the PPP forgiveness again in 2023.