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    how to enter SBA loan on Form 1120s

    dathao_ta
    Level 1
    ‎03-15-2021 06:45 PM

    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,

     

     

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    2 Comments 2
    sjrcpa
    Level 15
    ‎03-15-2021 06:46 PM

    As a liability on the Balance Sheet.,

    The more I know, the more I don't know.
    L0ngtaithien
    Level 3
    ‎03-15-2021 09:10 PM

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

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