schirallicpa Posted January 11, 2021 Report Posted January 11, 2021 In NYS we do not forgive loans. We tax them. That being said, I assume NYS will make this an add back so they get their tax on an S-corp or partnership. Any word on this for sure yet? Quote
BulldogTom Posted January 12, 2021 Report Posted January 12, 2021 I am wondering how ATX will accomplish the add back for the states (like CA) that will tax the PPP loan forgiveness. Any one seen how this will work in the software for Sch. C, 1065 and 1120 returns? Tom Modesto, CA Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.