acpacp
New Member

Business & farm

Can TurboTax produce a definitive guide on how to handle forgiven PPP loans and EIDL grants in TurboTax Business software, or update the software so that it is obvious how to do so? S-Corporation returns are due in two weeks. I bought TurboTax Business solely to figure this out, and this seems like a common issue impacting millions of business owners. This alone makes 2020 returns substantially different from returns in years past. It would be greatly appreciated if an employee would respond with a link to a definitive response, or the software could be quickly updated so that users are prompted about EIDL and PPP.