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Business & farm
Suggestion for 1120s:
Schedule B, Line 12....... answer Yes and enter the forgiven PPP/EIDL amount
Schedule K, Line 16b..... enter the forgiven PPP/EIDL amount
Schedule M1, Line 5a.... enter the forgiven PPP/EIDL amount (ignore the word "interest")
Schedule M2, Col (a) AAA, Line 3….. enter the forgiven PPP/EIDL
February 25, 2021
9:08 AM