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Level 2
June 7, 2021
Question

How to record SBA loan payment assistance in a 1065 tax return

  • June 7, 2021
  • 1 reply
  • 6 views
Our partnership owns a building as an investment. I'm reporting income and expenses related to the building on schedule 8825.  Where can I record the "non taxable income" of the loan payments (assistance via CARES act) made by SBA towards our loan?
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1 reply

qbteachmt
Level 15
June 7, 2021