EIDL not taxable for CA, right?

[justataxnerd]

Beware of using screen 13 Income to input EIDL advance (grant) received last year for CA S-corp clients

It has been months since CA conformed to tax-free treatment of these grants up to $10,000, but Lacerte is still adding back to income on CA K-1s.

I assume this goes for the individual, partnership modules as well.

[qbteachmt · Accepted solution]

This help article includes the AB 80 update info:

https://proconnect.intuit.com/community/diagnostics/help/how-to-apply-california-ppp-and-eidl-confor...

[justataxnerd]

Oh I see. Makes sense that you have to choose whether to conform or not as you may have already filed.  I just can't imagine why you would want to file and pay taxes if there was doubt on the taxation of the funds.   But I guess extending vs filing and potentially having to amend is a choice that each taxpayer and their preparer had to make.