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Level 1
October 29, 2021
Question

PPP Loans for Non-For-Profit

  • October 29, 2021
  • 1 reply
  • 8 views

Is there a place to enter the PPP loan on a tax exempt tax return?

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1 reply

IRonMaN
Level 15
October 29, 2021

If it wasn't forgiven by the entity's year end, it would show up like any other debt on the balance sheet.  If it was forgiven, it would show up as a government grant in revenue.

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