JotikaT2,
Thanks for responding. OK, if I am understanding you, if the LLC received a EIDL understanding the CARES Act provisions during the Covid-19 emergency and these funds were used to pay allowed expenses (as determined by a CPA firm specializing in EIDL issues) there are NO tax issues? No tax on this money if there is a default as unearned income as the loan was defaulted and the loan proceeds were not repaid to the SBA? Thanks.
Mudtech61
