Gildardo
Level 3

Where to adjust PPP-funded business expenses for AB 80 conformity in California Returns?

If PPP-funded expenses were deducted for federal purposes but those were not eligible for a California deduction according to a not 25% gross receipt reduction where do I enter the adjustment?

I was looking at this post from Intuit but is just a reminder to look into it (at the very very end).

https://proconnect.intuit.com/community/business-income-taxes/help/how-to-enter-forgiven-ppp-loans-i...

I tried this, will that be sufficient?

Screenshot 2022-04-02 210122.jpg

0 Cheers