https://ttlc.intuit.com/community/taxes/discussion/re-ppp-loan/01/2058344#M741084 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">The PPP loan is not taxable and you do not report it as income.</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">If the loan is not yet forgiven at the end of the year, it is reported as a liability on the balance sheet (Schedule L) on line 18 - All nonrecourse loans.</SPAN></SPAN></P> Wed, 10 Mar 2021 19:04:08 GMT MinhT1 2021-03-10T19:04:08Z https://ttlc.intuit.com/community/taxes/discussion/ppp-loan/01/2058211#M741042 <P>Where/how do I report a PPP loan on a 1065 Partnership LLL form?</P> Wed, 10 Mar 2021 18:44:33 GMT https://ttlc.intuit.com/community/taxes/discussion/ppp-loan/01/2058211#M741042 AJMANNING 2021-03-10T18:44:33Z https://ttlc.intuit.com/community/taxes/discussion/re-ppp-loan/01/2058344#M741084 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">The PPP loan is not taxable and you do not report it as income.</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">If the loan is not yet forgiven at the end of the year, it is reported as a liability on the balance sheet (Schedule L) on line 18 - All nonrecourse loans.</SPAN></SPAN></P> Wed, 10 Mar 2021 19:04:08 GMT https://ttlc.intuit.com/community/taxes/discussion/re-ppp-loan/01/2058344#M741084 MinhT1 2021-03-10T19:04:08Z