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- How to report EIDL Advance on M-2?
How to report EIDL Advance on M-2?
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Futch2010
Level 3
03-15-2022
01:04 PM
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For 2020, S-Corp reported EIDL Advance on M-2 as OAA as tax exempt income. Need to reduce the OAA amount (I have that part figured out) but need to include that income on AAA. The only way I see to do it is by overriding the M-1 Worksheet. Does someone else have another way? If I try putting it as tax-exempt income, it shows back up on the OAA and not AAA
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