About clove1

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Re: Will Turbotax handle forgiven PPP loan?

It is income. Just not TAXABLE income. So your retained earnings will be off in the tax software. That's why the M-1. Hope that helps.

clove1

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Updated Aug 08, 2022
Solved Re: How to Report PPP Loan on 1120-S / Balance Sheet?

Same issue. Following this thread.

clove1

Updated Sep 11, 2021

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Date Registered	‎January 15, 2021 11:14 AM
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