How do I fix the EIDL grant from decreasing the basis on an 1120-S - Intuit Accountants Community

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How do I fix the EIDL grant from decreasing the basis on an 1120-S

Tax Kit

Level 1

‎09-09-2021 04:42 PM

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Please notify when answered.

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TaxGuyBill

Level 15

‎09-09-2021 04:47 PM

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It is entered as tax exempt income on Schedule K.