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Level 2
February 25, 2021

PPP Loan Forgiveness - California Gross Receipts

  • February 25, 2021
  • 1 reply
  • 13 views

Lacerte is including PPP Loan Forgiveness in California Gross Receipts.  In some cases this is increasing gross receipts fee.  Is this correct or should this be manually adjusted so that any proceeds from PPP loan forgiveness are excluded from California gross receipts.

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    1 reply

    qbteachmt
    Level 15
    March 16, 2021

    @JaredVZ 

    You posted an income tax preparation topic in this Software Developers section. I recommend asking in the Lacerte section of the community, to get the attention of tax preparers using Lacerte.

    Don't yell at us; we're volunteers