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In 2020 I received a SBA COVID-19 Economic Injury Disaster Loans (EIDL). I used that loan strictly for payroll for myself (I am a sole proprietor). How do I claim this?

 
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MinhT1
Expert Alumni

In 2020 I received a SBA COVID-19 Economic Injury Disaster Loans (EIDL). I used that loan strictly for payroll for myself (I am a sole proprietor). How do I claim this?

The EIDL loan is not taxable. As a sole proprietor, you do not report it on your tax return.

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1 Reply
MinhT1
Expert Alumni

In 2020 I received a SBA COVID-19 Economic Injury Disaster Loans (EIDL). I used that loan strictly for payroll for myself (I am a sole proprietor). How do I claim this?

The EIDL loan is not taxable. As a sole proprietor, you do not report it on your tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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