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Business & farm
Finally was able to submit it.
Had to create a new file:
1. PPP Section say No
2. Go to Forms 1120 pg3-5, M-1 Enter PPP Forgiven $Amount
3. Finish the Income & deduction sections. Do not enter anything for the Interest Income in my case.
4. Go back to PPP Section say Yes and enter the PPP Forgiven $Amount
5. Check for Errors, Save and submit
I didn't wanted to take any chance, and so I bought $60 Audit Defense.
March 10, 2022
4:47 AM