Hello,
Are you including an RP 2021-48 statement on partnerships that recognized forgiveness tax-exempt income on their 2020 return? Partnership was technically approved for forgiveness in January 2021, but claimed the basis adjustment on 2020's return.
Is this a 3.01(1) situation or skip the statement altogether because nothing is being recognized in 2021?
No PPP2.
Thanks. If this has been asked before, I couldn't find it and sorry!