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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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PPP loan forgiveness
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sffdib
Level 5
03-08-2021
06:56 PM
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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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abctax55
Level 15
03-08-2021
07:05 PM
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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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