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PPP loans on MA state taxes
Since MA has recently passed legislation making PPP forgiven loans non-taxable, why is Turbo Tax still asking about PPP loans? Will this be updated on software or should I just click no when asked about forgiven loans? Besides which I did not have a PPP loan forgiven in 2020. I received the proceeds in 2020, but it wasn't forgiven until 2021.
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‎April 4, 2021
8:56 AM