AliciaP1
Expert Alumni

Get your taxes done using TurboTax

The EIDL loan is not considered as income and is not taxable. You do not need to enter it on your tax return. 

 

The Community also discusses PPP loans that are forgiven and are not taxable but are required to be reported on Form 1065 and 1120S.

 

@raperr4

 

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