My balance sheet, without including my PPP loan forgiveness amount is in balance. However, the loan forgiven amount is reported in line 24 of 1120S (retained earnings) and thus causing my sheet to be out of balance. I assume that there is a place where I am supposed to put the loan amount in the assets section. In addition, I can't find in turbo tax business, where I should be reporting business loan repayments (I didn't have all my PPP loan forgiven). Thank you.
