This entire thread is about how to report the PPP funds. It is called: "How to report PPP recieved" A quote from the expert above:
Yes, TurboTax for 2021 will produce the PPP forgiveness loan statement. To enter the information regarding your PPP loan forgiveness, go to Wages & Income, then scroll down the page and find the Less Common Income section. At the bottom of the Less Common Income section, select Miscellaneous Income. On the next page, you will see an option for Forgiveness of PPP loans. Select Forgiveness of PPP loans and respond to the questions when prompted.
And yes, the place to report PPP forgiveness is there. However, it only has TWO placeholders for loans, while many couples including myself will have more than two because they have multiple businesses or because both spouse have loans.
I am using the TT Home & Business 2021.
