Skip to main content
Level 1
March 15, 2021
Question

how to enter SBA loan on Form 1120s

  • March 15, 2021
  • 2 replies
  • 21 views

Please, I need help how to enter SBA loan on Form 1120s. This SBA loan is not advance. Where do we to enter? is that the same location SBA loan advance M1 ( other permanent income items:) 

 

Thanks,

 

 

This topic has been closed for replies.

2 replies

sjrcpa
Level 15
March 15, 2021

As a liability on the Balance Sheet.,

The more I know the more I don’t know.
Level 3
March 16, 2021

Just create note payable sba loan and tell your client to make month payment.