RobertB4444
Expert Alumni

Deductions & credits

@Achievement Engineering  This is not income.  It is a loan.  Loans are not taxable.  In this case a portion of your loan was forgiven - still not taxable.  @PatriciaV gives very good directions for where to enter this on your tax return so that it will show up in your balance sheet.  That is the only place on your tax return that it needs to be entered.

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