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How to record SBA loan payment assistance in a 1065 tax return

dina-beerle
Level 1
Our partnership owns a building as an investment. I'm reporting income and expenses related to the building on schedule 8825.  Where can I record the "non taxable income" of the loan payments (assistance via CARES act) made by SBA towards our loan?
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1 Comment 1
qbteachmt
Level 15

It's the same as PPP, for Fed:

https://proconnect.intuit.com/community/corporation/help/how-to-enter-forgiven-ppp-loans-in-lacerte/...

 

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