Web2 de feb. de 2024 · To enter a PPP loan statement on a 1040: Press F6 to bring up Open Forms. Type in PPP to find the PPP loan forgiveness statement, then press OK. Scroll … Web14 de jul. de 2024 · How to input forgiven PPP loans for individual returns. SOLVED • according Intuit • 29 • Update July 14, 2024 • according Intuit • 29 • Update July 14, 2024
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Web4 de ene. de 2024 · If you think the PPP loan will be forgiven, then you won't report it as taxable income in TurboTax. You would report it on line 16 (a) as Other Tax-Exempt Income if you are filing a form 1120-S. Web13 de dic. de 2024 · In the left column, locate and select PPP Loan Stmt. If you don't see the form listed, there are two other ways you can access it: In the left column, select Form 1120S p3-5. Scroll to line 16b and select the QuickZoombutton In the left column, select Open Formand search for ppp loan. city of gastonia hr
How to enter forgiven PPP loans for individual returns - How to enter ...
Web27 de jul. de 2024 · http://QBUniversity.org - PPP Loan Forgiveness - how to record in Quickbooks. In this video I walk through how to record PPP loan forgiveness in … Web14 de jul. de 2024 · Enter the appropriate amount in PPP loan forgiven [Override]or EIDL advance (grant) [Override]. Enter -1 to set the amount to zero. For corporate returns: On the left-side menu, select Income. Select the Incomescreen. Enter the amount ofPPP loan forgiven (nontaxable for federal purposes, taxable in some states). WebIf you do not qualify to use the PPP Direct Forgiveness Portal, you will need to apply for forgiveness through the lender that serviced your PPP loan, not the SBA itself. To do … don shumway dpm pc