I am completing my 1120S for 2020 (late because my home was destroyed in Hurricane Ida just before final due date). I see lots of questions about the EIDL grant. I have a loan that must be repaid. Where do I enter that ? I am using TT for business.
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1 Replies
JamesG1
Expert Alumni
Feb 8, 2022 5:04:42 AM
The EIDL is a loan that may be reported on your balance sheet for your 1120S. If you qualify for forgiveness in whole or in part there are special reporting requirements.