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Drake users how do I record the PPP loan forgiveness?
Technical topics regarding tax preparation.
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3-Feb-2021 8:24pm
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Soups
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Illinois
I have a S-Corp that received forgiveness on 10-28-2020. Do I put the amount in as non taxable income or M-1 adjustment. The only reason I am asking is That the Illinois 1120-s is taxing either way. Thank you for your time.
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