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New Member
posted Mar 12, 2023 11:46:50 AM

PPP Loan forgiveness statement not needed

Our PPP loan forgiveness occurred in 2021 and accordingly we filed the TT-generated statement (Rev. Proc. 2021-48) for 2021. 

 

Now, in preparing the 2022 return, the "PPP Loan Statement" form is again included in the list of "Official forms required for filing" even though we answered "No" in the 2022 questionnaire to the the "Forgiven PPP Loan" question.  

 

I believe this form is not needed in the current year since the loan was forgiven and the statement filed in the previous year.    Is this accurate?    If so, is there a way to eliminate the statement from the "All official forms required for filing" list?  

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2 Replies
Expert Alumni
Mar 12, 2023 12:34:18 PM

No, that is not needed since the loan was forgiven in Tax Year 2021.

 

Often the TurboTax program will carry over forms from the previous year. 

 

To Delete a Form in Desktop:

  1. Simply switch to FORMS (top right corner) 
  2. Find the form you want
  3. Select DELETE located at the bottom of the screen 
  4. Confirm

 

To Delete a Form in Online:

  1. Click TAX TOOLS on the left side-bar
  2. Click TOOLS on the Drop-Down 
  3. Click “Delete a Form” on the TOOLS CENTER screen 
  4. Click Delete next to the form on the list 
  5. Confirm and continue 

 

New Member
Mar 12, 2023 3:06:11 PM

Thank you, KrisD15.