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Which categories should be used for PPP accounts in 1120S filing?
In my QuickBooks, I have two accounts to handle the PPP loan:
1. PPP (loan).
2. PPP Loan Forgiveness (payment for the loan)
When I use Turbotax Business to import QB data, it asks to choose which category they are for:
Could anyone offer a tip on this?
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March 15, 2021
9:29 AM