brachbr01
Level 1
02-02-2021
10:23 AM
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Does anyone know where to put the EIDL advance in Lacerte. I know where the PPP forgiveness goes. I know where an EIDL loan would go. But where do we put the EIDL advance?
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sjrcpa
Level 15
02-02-2021
10:25 AM
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It's nontaxable income at the federal level. It may taxed by the state.
The more I know the more I don’t know.
brachbr01
Level 1
02-02-2021
10:31 AM
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I know about the taxability of it. But where do we put it?
Perhaps: S-Corp Module: Schedule M-1: screen 31.1 "Income Recorded on Books not included on Schedule K: Tax-Exempt Income: Other?"
abctax55
Level 15
02-02-2021
10:33 AM
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Since you *know* what to do with the PPP monies, I'd suggest doing the same thing with the EIDL grant.
HumanKind... Be Both
