how to enter SBA loan on Form 1120s

dathao_ta · ‎03-15-2021

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,

sjrcpa · ‎03-15-2021

As a liability on the Balance Sheet.,

The more I know, the more I don't know.

L0ngtaithien · ‎03-15-2021

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

how to enter SBA loan on Form 1120s

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