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JohnW152
Expert Alumni

I received a SBA disaster loan for my business is this loan money considered income on my taxes?

@nongkangma

TurboTax can handle foreign income you’ve received on your U.S. federal tax return.

To enter foreign income in TurboTax:

  1. Sign in to TurboTax and open or continue your return. 
  2. Search for foreign income.
  3. Select the Jump to link in the search results.
  4. Answer Yes to Did You Make Any Money Outside the United States? and follow the on-screen instructions.

If you're a U.S. citizen or resident, you’re required to report all income, whether it was earned in the U.S. or abroad.

JohnW152
Expert Alumni

I received a SBA disaster loan for my business is this loan money considered income on my taxes?

@nongkangma

TurboTax can handle foreign income you’ve received on your U.S. federal tax return.

To enter foreign income in TurboTax:

  1. Sign in to TurboTax and open or continue your return. 
  2. Search for foreign income.
  3. Select the Jump to link in the search results.
  4. Answer Yes to Did You Make Any Money Outside the United States? and follow the on-screen instructions.

If you're a U.S. citizen or resident, you’re required to report all income, whether it was earned in the U.S. or abroad.

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