Report Paycheck Protection Program loan information

You have to include a statement with the return with information about Paycheck Protection Program (PPP) loans.
  1. Select the
    1040
    screen,
    General Footnote
    . The footnote prints with the tax return and is also included with the electronic file.
  2. Include
    RP2021-48
    at the top.
  3. Be sure the statement includes the following for each PPP loan:
    1. Name address, and Individual Taxpayer Identification Number or Social Security Number.
    2. A statement that you applied section 3.01(1), (2), or (3) of Rev. Proc. 2021-48, and for which taxable year.
    3. The amount of tax-exempt income from forgiveness of the PPP Loan that you are treating as received or accrued. Also indicate the taxable year (2020 or 2021).
  4. Whether forgiveness of the PPP Loan was granted as of the date you file your return.
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