I think that you are saying that two PPP loans were formally forgiven in 2021 but you had already reported them as forgiven on your 2020 Federal 1040 tax return. If that is correct, that treatment was allowable.
The Journal of Accountancy states:
Rev. Proc. 2021-48: Timing issues
Rev. Proc. 2021-48 covers the timing of receipt of PPP forgiveness tax-exempt income.
Taxpayers may treat such income as received or accrued when either:
- (1) expenses eligible for forgiveness are paid or incurred;
- (2) an application for PPP loan forgiveness is filed; or
- (3) PPP loan forgiveness is granted.
The revenue procedure also describes adjustments that must be made on an amended return; information return; or, for certain partnerships, an administrative adjustment request, when a PPP loan is only partly forgiven.
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