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Level 2
February 14, 2021
Solved

SBA Loan Payments made by SBA - input field

Is there an input field in Lacerte for the SBA loan payments made by the SBA?  My understanding is that this is treated similar to PPP and is tax-exempt debt forgiveness.  Or does it require manual entry to M-1/M-2?  Thanks

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IRonMaN
IRonMaNAnswer
Level 15
February 14, 2021

It's the same.

Slava Ukraini!

2 replies

IRonMaN
IRonMaNAnswer
Level 15
February 14, 2021

It's the same.

Slava Ukraini!
Level 2
February 16, 2021

Is the SBA loan payments taxable to California just like the PPP forgiveness