I have an S-Corporation and the forgiven loan, in conjunction with cash distributions, also resulted in a reduction in retained earnings for me. It is my unders...
TT asks if any loans have been forgiven. I put the forgiven PPP loan amount in this cell and I am having the same problem with my balance sheet. You would think...
I have a similar problem. My loan was granted and forgiven in calendar year 2020 so I consequently do not have any long or short term debt. I'm not sure how to ...
