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Business & farm
Here's the workaround we tried that worked
- Go to the Step-by-step section where TT asks about if you received PPP forgiveness, and answer 'no'
- Go to the forms section, open the PPP form and then add the forgiven amount in there.
- Add the PPP amount on the M-1 form (we added it under 'other permanent income items')
- We then verified that the amount was listed on the K-1(s) in line 16b
- Run the federal error check to make sure it works
I don't recall if we did step 2 before 3, or step 3 before 2. If it doesn't work in the order listed above, swap 2 and 3 and try again.
‎February 8, 2022
1:12 PM