Payroll Protection Program Grant or Loan Addback (code 68)

(UC §59-10-103(1)(a)(ii))

If you received a COVID-19 Payroll Protection Program (PPP) grant or loan, enter any amount that:

  1. was forgiven during the 2021 tax year,
  2. is exempt from federal income tax, and
  3. you used for expenses that you deducted on your federal tax return.

If you own an interest in an LLC, partnership, S-corporation or trust that received a PPP grant or loan meeting these requirements, include your distributed share on this line. (See the “Other Income” line of Utah Schedule K-1 received from the LLC, partnership, S-corporation or trust.)