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PPP loan proceeds on FL corp return

DKerrCPA

Level 3

Forum|Forum|5 years ago

March 16, 2021

PPP loan proceeds on FL corp return

Forum|Forum|5 years ago
March 16, 2021
0 replies
1 view

According to the following website: https://taxfoundation.org/state-tax-forgiven-ppp-loans/ forgiven PPP loan proceeds are taxable on the Florida corporate return. However Lacerte is not automatically including this as an income adjustment. Does anyone have any insight on this?

Lacerte Tax

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