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    • Created with Sketch. In preparation for the 4/15 deadline, see our most popular resources. ProSeries Hot Topics.
    Created with Sketch. In preparation for the 4/15 deadline, see our most popular resources. ProSeries Hot Topics.
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    PPP loan forgiveness

    sffdib
    Level 5
    ‎03-08-2021 06:56 PM

    For state of California, regarding the PPP loan forgiveness. Is the amount taxable? Are expenses tax deductible? If not, how do we calculate what expenses are or are not deductible? 

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    1 Comment 1
    abctax55
    Level 15
    ‎03-08-2021 07:05 PM

    I suggest you visit Spidell's website for all updated info regarding how CA is treating/may treat PPP loans.

    And signing up for their flash alerts/emails is a great idea for anyone doing CA returns.

    https://www.caltax.com/forums/forum/message-board/

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