Worked perfectly for me AirKevin.  Thank you. 

The long term liability has disappeared from my balance sheet and the other income shows on my P&L.  

I might comment that when creating the "PPP Loan Forgiveness" other income account, I selected "not tax related" for tax line mapping.  If you are worried about this other income in your P&L, you could always do another journal entry to debit this PPP Loan Forgiveness account and credit another asset account or retained earnings.  Honestly though, I simply do the best bookkeeping that I can and let my CPA analyze & upload my data into their own tax software and make the needed adjustments and don't wring my hands over it from there. My tax liability ultimately is not derived from my QB bookkeeping.  I review the tax filing (1120S) before submission to IRS to ensure the items like the PPP loan forgiveness entries (if any) make sense.