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PPP Loans for Form 1120-S
I received a PPP loan in 2020 and recorded it as a liability on my balance sheet as it was not forgiven by the end of the year. I received a 2nd PPP loan in 2021. Both loans were forgiven in 2021. How do I enter this on my 2021 tax return in TurboTax Business?
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March 10, 2022
8:20 AM