About SP-Jenn

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Re: PPP Loan Forgiveness Affect on M-1

Correction: Originally, I had recorded the loans as Loans Payable. Once forgiven, I debited loans payable and credited Paid-In Capital.

SP-Jenn

4

Updated Apr 19, 2022
Re: PPP Loan Forgiveness Affect on M-1

Thanks so much for your input. I will look into this. Originally, I had received PPP Loan 1 in 2020 and Loan 2 in 2021. Both were forgiven in 2021. I had record...

SP-Jenn

5

Updated Apr 19, 2022
Re: PPP Loan Forgiveness Affect on M-1

Thanks for your reply. However, that adjustment was already entered by Turbo Tax as a result of the question about whether we had a PPP loan forgiven. After the...

SP-Jenn

23

Updated Apr 19, 2022

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Cheered Re: PPP Loan Forgiveness Affect on M-1 for ThomasM125. ‎January 26, 2022 3:17 PM
Posted Re: PPP Loan Forgiveness Affect on M-1 on Business & farm. ‎January 26, 2022 2:52 PM
Posted Re: PPP Loan Forgiveness Affect on M-1 on Business & farm. ‎January 26, 2022 2:42 PM
Posted Re: PPP Loan Forgiveness Affect on M-1 on Business & farm. ‎January 26, 2022 1:13 PM
Posted PPP Loan Forgiveness Affect on M-1 on Business & farm. ‎January 26, 2022 12:44 PM

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Date Registered	‎January 26, 2022 12:42 PM
Date Last Visited	‎February 16, 2022 6:58 PM
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