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