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Level 3
January 10, 2022
Solved

Hawaii expenses nondeductable to state related to a forgiven PPP loan

  • January 10, 2022
  • 2 replies
  • 20 views

Hawaii expenses nondeductable to state related to a forgiven PPP loan - this was an issue for usfor the 2020 tax returns and was not corrected until May 2021.  I see it is again not addressed in the current version of the 1120S.  When can we expect that this will be corrected?

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Best answer by qbteachmt

"in the current version of the 1120S."

Current isn't the same as Final.

2 replies

George4Tacks
Level 15
January 10, 2022

It is likely to get corrected more quickly on the Big Island. The smaller ones may have to wait until May again.

Okay - Seriously I don't know. You are asking for an answer from other users. Maybe @1569 can get some company feedback. 

Answers are easy. Questions are hard!
qbteachmt
qbteachmtAnswer
Level 15
January 10, 2022

"in the current version of the 1120S."

Current isn't the same as Final.

Don't yell at us; we're volunteers