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Are these taxable? Federal & CA Credits to Businesses

Mairof
Level 3

Are the following taxable? 

- Fed Cares Act Paycheck Protection

- CA Relief Program

 

If they are taxable, please let me know how to enter this for my client. 

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2 Comments 2
abctax55
Level 15

Maybe this will help you do some research, based on your client's specific situation:

https://gpwcpas.com/grant-credit-loan-and-other-relief-comparison-chart/

HumanKind... Be Both
Mairof
Level 3

Thank you!!!

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