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newatx

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  1. In ATX, the shareholder basis statement shows the ppp forgiveness say $10,000 as an addition to basis, however, the deduction amount, $10,000 (expense used to offset the forgiveness amount) entered in M2 OAA was not reflected in shareholder basis statement... Is it right? Also, can someone please confirm if the K1 box 12 other deduction should show the expense used to offset the forgiveness? In this case, $10,000? Thanks.
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