Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Mar 9, 2022 10:09:38 AM

My husbands business received a PPP loan that has been determined non forgivable. He is appealing the decision. Do we show the PPP loan amount on our return?

0 1 272
1 Replies
Expert Alumni
Mar 9, 2022 10:16:10 AM

Even if the loan isn't forgiven the money isn't income - especially if you have to pay it back.  The only place it needs to be entered is on the balance sheet of your husband's company.  You definitely don't owe taxes on it.