I was wondering in Turbo Tax Business - S Corps is working on the update for schedule M-2 to properly show the expenses paid by the PPP loan forgiveness. According to the instructions for the form PPP forgiveness is shown in OAA (this is handled correctly) but then the expenses need to be recorded under AAA line 3 and line 5 in OAA. I was trying to work around this to get my schedule M-2 corrected but am not having any luck.
