Randall Posted March 22, 2021 Report Share Posted March 22, 2021 11 hours ago, cbslee said: I would not answer this question, yes. i believe the context of this question is about forgiveness of loans which trigger Other Income that is taxable. As we have discussed in other threads, I would handle this as an M-1 adjustment. I was wondering if it would trigger something. This whole ppp thing is another world. Quote Link to comment Share on other sites More sharing options...
JohnH Posted March 22, 2021 Report Share Posted March 22, 2021 11 hours ago, Randall said: I was wondering if it would trigger something. This whole ppp thing is another world. And we haven't even started a conversation about claiming losses and basis limitations for S-Corporation shareholders. Some VERY interesting & unusual stuff can take place in that space. 1 Quote Link to comment Share on other sites More sharing options...
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