Question
PPP S-Corp Basis Adjustment M2
PPP loan is added to Shareholder Basis.
In 2020 it was included on Sch M2 Colum (d) OAA.
But that does not add to their basis on M2.
Per M2 instructions 2021, it should be in column (a) line 3 if I am reading the instructions correct and they do get to add it to their basis.
Is Lacerte going to fix this or is there a reason we have to manually do this?
