Just got an email from the MN Department of revenue that they've updated their tax forms to reflect the law changes. How long before turbo tax updates and I can file my state return?
"Minnesota tax code changes were signed into law on July 1, 2021. The changes relate to unemployment compensation, Paycheck Protection Program (PPP) loan forgiveness, and other retroactive conformity provisions affecting tax years 2017 through 2020.
The Minnesota Department of Revenue updated Minnesota tax forms for tax year 2020 to reflect these changes.
If you or your clients filed a 2020 income tax return that included unemployment compensation or PPP loan forgiveness, we will either adjust the return or we will ask you to amend."
