kkumar2673
Level 1
03-11-2021
04:06 PM
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Hello,
I am trying to report CA PPP loan forgiveness for a S-Corporation Tax Returns. I was able to correctly record the Federal, how should I record the same for CA state as the expenses are not deductible.
Thank you
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dfa
Level 3
03-11-2021
05:59 PM
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Spidell is recommending that we hold off on filing CA returns until the state approves AB 80 or AB 281. There's a possibility that they'll waive $150K, all of it, or maybe none at all. If you want to take your chances, you can make adjustments on Screen 44. There's a PPP section.
CL2
Level 1
03-31-2021
06:31 PM
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Hi, any recommendations on "Spidell is recommending that we hold off on filing CA returns until the state approves AB 80 or AB 281?" since the California legislature seems to put AB 80 on hold for now? Should I wait to file still?
