56543
There is an amount present for PPP Loans forgiven in the Income screen. For taxable years beginning on or after January 1, 2019, California law allows an exclusion from gross income for covered loan amounts forgiven under the federal CARES Act, Paycheck Protection Program and Health Care Enhancement Act, Paycheck Protection Program Flexibility Act of 2020, or the CAA, 2021............................* However, the PPPEA extends the covered period of the PPP to June 30, 2021. *California law does not conform to this extension and does not allow the exclusion from gross income for PPP loans made due to the extended covered period after March 31, 2021 through June 30, 2021........* If the amount entered contains any PPP loans made due to the extended covered period after March 31, 2021 through June 30, 2021, that amount should still be treated as income for California purposes. (ref. 56543) .... Verify your input & calculations, make adjusts if necessary.
