- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
You are correct. You may elect to treat the forgiven PPP and EIDL advance/grant as taxable income.
Or, you may report the forgiven PPP and EIDL advance/grant on line 16(B) of the 1120S K-1.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 14, 2021
8:23 AM