Thanks - you are right as I have indicated n previous posts on the matter. The questions remains where on form 1120 or 1120S does one include this and it has to because these forms require the reconciliation between book (accounting) income and tax income. PPP forgiveness is absolutely book (accounting) income i.e. you can't just make a 1 sided journal entry to make a liability disappear. However for tax there is nothing. One will have to show the reconciliation on schedule M-1 of these 2 forms.
