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Level 1
August 13, 2021
Question

Does the PPP loan go on 1120S K-1 line H?

  • August 13, 2021
  • 1 reply
  • 2 views

If the PPP loan is considered in Shareholder Debt is it supposed to show up on the K-1 Like H?

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1 reply

sjrcpa
Level 15
August 13, 2021

It is not shareholder debt. It is S Corporation debt.

The more I know the more I don’t know.