usataxdue
Returning Member

Business & farm

Would you mind sharing more info on that?

1. Did you include PPP loan amount in your 1120s Gross Receipts and Sales? Or you reported it somewhere else as an income?

2. Schedule K, line 16 B - in TT form it says if you use M-1 calcs don't enter the info here

How did you put it on K-1 line 16 as B?

Thanks