Kimberley
Level 3
01-28-2021
08:12 PM
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The EIDL Advance is not-taxable on the federal side. Entry as a tax-exempt income on screen 31 makes sense. However, for state purposes, at least in California, the grant is considered taxable. I cannot find a way to add a taxable income line to the state return that will roll into the K1 and not impact the federal return.
Anybody?
KK