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PPP and EIDL
1120s PPP recording
Do you have any Idea how to report a payroll protection program loan oan that is in process of being forgiven from 2020, also I took a economic injury disaster loan advance advance? Many conflicting answer's here. Some people say just count as usual income and file like always, some say don't report but that throws the balance sheet way off. My business is small so I am not required to file a balance sheet ! please help! I just would like to know how to enter it in my Turbo tax business software so I could get my taxes done
Thanks
Jeff Prince
‎April 8, 2021
7:36 AM