dathao_ta
Level 1
03-15-2021
06:45 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Please, I need help how to enter SBA loan on Form 1120s. This SBA loan is not advance. Where do we to enter? is that the same location SBA loan advance M1 ( other permanent income items:)
Thanks,
Labels
sjrcpa
Level 15
03-15-2021
06:46 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
As a liability on the Balance Sheet.,
The more I know the more I don’t know.
L0ngtaithien
Level 3
03-15-2021
09:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Just create note payable sba loan and tell your client to make month payment.