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how to enter SBA loan on Form 1120s

dathao_ta
Level 1

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

As a liability on the Balance Sheet.,


Ex-AllStar
L0ngtaithien
Level 3

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

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