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hgtc
Level 5
May 3, 2021 7:37 PM UTC
Solved

nontaxable EIDL advances to CA

Does anyone know if Lacerte will update nontaxable EIDL advances for CA business?

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    taxwheelerAnswer
    Level 2
    May 4, 2021 5:21 PM UTC

    Great thank you for the update.

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    3 replies

    taxwheeler
    Level 2
    May 4, 2021 4:33 AM UTC

    I am waiting on this change as well.  Also wondering if this will include SBA Debt relief of 7(a), 504, and Microloans.

    hgtcAuthor
    Level 5
    May 4, 2021 4:22 PM UTC

    this is what Lacerte said.

    "On April 30 the CA governor signed AB 80 into law.  We are currently in the process of updating the program.  These changes are scheduled to be released with the 41.0511 release of the program."

      taxwheelerAnswer
      Level 2
      May 4, 2021 5:21 PM UTC

      Great thank you for the update.

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