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ppp loan forgiveness last year

Forum|Forum|3 years ago
February 4, 2023
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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.

SantinoDAnswer

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.

J

Jane2019

Perhaps Intuit should consider rephrasing the question to specify THIS TAX YEAR. The Question is very poorly written and has not further explanation to clarify the YEAR of FORGIVENESS.