mcd8
Level 1

Business & farm

I understand the PPP is non taxable but is is still booked as income. Which I booked in my QuickBooks as non taxable income. The problem I am having is the business software will not let me go forward because I am out of balance by the amount of my PPP loan. I entered the amount on my M-1 as instructed in a prior post and it is still out of balance. Why does the software we paid for not even address the PPP loan?