Business & farm

Hi,

As of today, Turbotax hasn't updated with new M2 instruction by IRS.

I was able to override, but Turbo tax gives me error/not done. 

I had forgiven PPP loan $11,800 in 2020 year and $10,800 in 2021 year.  Following IRS instruction (below), I entered combined two PPP loans  $22,600 on line3 col (a) AAA and line 5 col(d) OAA. My stock basis is the same as before I override it.  Can Turbotax experts tell me if I did correctly or not? When will the Turbotax be updated regarding M2 form? 

column (a) on line 1 of the Schedule M-2 includes expenses that were paid in a prior year with proceeds from PPP loans that were forgiven this year, an S corporation should report that amount in column (a) on line 3 and in column (d) on line 5 of the Schedule M-2.