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Get your taxes done using TurboTax
Thanks for responding. Balance sheet issues are definitely challenging.
It was our fault. Our PPP loan forgiveness was incorrectly entered since it took place the prior year. The amount was being added to the retained earnings when it shouldn't have even been there. We couldn't tell it was part of the retained earnings calculation. We now need to remove it and file an amended return. Thanks again for your help.
‎October 27, 2024
3:13 PM
13,575 Views