EIDL Advance

[brachbr01]

Does anyone know where to put the EIDL advance in Lacerte.  I know where the PPP forgiveness goes.  I know where an EIDL loan would go.  But where do we put the EIDL advance?

[sjrcpa]

It's nontaxable income at the federal level. It may taxed by the state.

[brachbr01]

I know about the taxability of it.  But where do we put it?  

Perhaps:  S-Corp Module: Schedule M-1:  screen 31.1 "Income Recorded on Books not included on Schedule K: Tax-Exempt Income: Other?"

[abctax55]

Since you *know* what to do with the PPP monies, I'd suggest doing the same thing with the EIDL grant.