schirallicpa Posted January 11, 2021 Report Share 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 Link to comment Share on other sites More sharing options...
Lee B Posted January 11, 2021 Report Share Posted January 11, 2021 Sounds just like California Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted January 12, 2021 Report Share 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 Link to comment Share on other sites More sharing options...
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