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February 4, 2023
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ppp loan forgiveness last year

  • February 4, 2023
  • 1 reply
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Hi, starting 2022 1120s form and it is asking me about ppp and loan forgiveness which was reported on 2021 1120s form.  Do I just ignore this question?  There is no option to say it was previously reported.

 

Thanks!

    Best answer by SantinoD

    As long as you reported the forgiveness in 2021 and you didn't have any PPP loan forgiveness in 2022, then there is nothing to report for 2022. If it allows you to skip then skip.

    1 reply

    SantinoD
    SantinoDAnswer
    February 4, 2023

    As long as you reported the forgiveness in 2021 and you didn't have any PPP loan forgiveness in 2022, then there is nothing to report for 2022. If it allows you to skip then skip.

    vgbsAuthor
    February 4, 2023

    Thank you!