Will TurboTax handle forgiven PPP loans? Yes, but incorrectly in the California Partnership program.
The TurboTax California program asks if a partnership received a PPP loan that was forgiven. If you say yes it asks whether the loan was forgiven between 4/1/21 and 6/30/21 which is the extension period created by the PPPEA (Public Law 117-6).
The FTB (https://www.ftb.ca.gov/about-ftb/newsroom/covid-19/paycheck-protection-program-loan-forgiveness.html) however explicitly states that "California law does not conform to this extension and does not allow an exclusion from income for PPP loans made after March 31, 2021." not loans forgiven after March 31, 2021.
