JackieCPA Posted February 12, 2021 Report Posted February 12, 2021 So in MN the PPP Loan Forgiveness is income, there is even a line for it on the MN tax return. I have a partnership that is from MO, but I cannot for the life of me figure out if PPP loan forgiveness is income there - expenses are deductible/nondeductible or what. Any assistance would be so much appreciated! Quote
Bart Posted February 13, 2021 Report Posted February 13, 2021 MO conforms to federal. PPP not taxable. Expenses deductible. Quote
JackieCPA Posted February 13, 2021 Author Report Posted February 13, 2021 Awesome! Thank you for the response! I wish MN was that easy! 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.