Accountant-Man
Level 13
02-19-2022
03:07 PM
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I think I found a conflict on instructions between Pro Series and online regarding the wording for CA to refuse to allow tax exempt income for PPP loans forgiveness.
The instruction in PS says "an exclusion for PPP loans forgiven after 03/31/2021," and the CA info about it says "for PPP loans made after 03/31/2021."
Does anyone know which is correct? Wouldn't you know, I have one corp in CA.
** I'm still a champion... of the world! Even without The Lounge.
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