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I have reported the EIDL advance received on screen 13 … but it is still turning up as taxable on the CA return. How do I report this so it is appropriately non-taxable for Fed and CA ? Thanks
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The EIDL is a balance sheet item. Cash in bank vs EIDL payable. When forgiven EIDL payable vs M-1 adjustment for EIDL Forgiven
Answers are easy. Questions are hard!
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Here's your Help article:
It seems you will enter the Grant now and the Loan still is a Loan until forgiven.
For CA, I suspect the program has not been updated. EIDL advance was taxable in CA until April 29. I've not seen anything on this forum for CA update for that issue.
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Let's try to get @Just-Lisa-Now-
Lisa: Are you aware of any update to accommodate the April 29 changes in AB 80, even to ProSeries?
Don't yell at us; we're volunteers
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George yelled at me the last time I commented on a Lacerte thread, so maybe he can help you out.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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It just got posted, here:
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Answers are easy. Questions are hard!
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I think you threw a flag on her play 🙂
Here's a new topic for Lacerte and PPP/EIDL:
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