Thanks - I didn't look further but agree with your response on where this "should" flow on K-1 on either of 1120 or 1120S. If the loan is forgiven it'll show up on the books as other income but not taxable income. So it'll have to flow in M-1. I haven't seen this on Turbo Tax business software when I last looked. There have been 2 updates since then so maybe its addressed? Time will tell.
