When will Turbotax finally update their software to reflect there are no state income taxes to be paid in Massachusetts on forgiven PPP loans?
'I report my business income on a personal income tax return. Is my forgiven PPP loan taxable?
No, forgiven PPP loans are not taxable for personal income taxpayers, including unincorporated businesses reporting income and expenses on Schedule C, partners in a partnership, and individual shareholders of an S corporation. Recently passed Massachusetts legislation excludes PPP loan forgiveness from gross income for 2020 for taxpayers subject to the Massachusetts personal income tax. Therefore, personal income taxpayers do not need to report these amounts.'
https://www.mass.gov/info-details/tax-filing-season-freque[product key removed]ions
