So, after reading all comments, can I assume the following for PPP funds and EIDL "loan" as it relates to tax form 1120-S?
1- PPP funds received (all used) should be listed on line 16b (other non-taxable income).
2- EIDL "loan" (not advance) should also be listed on line 16b (other non-taxable income).
3- A private (non-shareholder) loan, should also be listed here (?)
4- None of the above have to be listed / identified separately on line 16b?
THANKS!
