@will4211
Are you referring to the six months of SBA loan payments which CARES Act authorized? These SBA loans existed prior to the COVID pandemic. You were not required to make payments and the interest and principal payments were made in your behalf as CARES Act payments. The loan payments are nontaxable income to you.
Journal of Accountancy states:
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, the SBA is authorized to pay six months of principal, interest, and fees on covered SBA loans. The Consolidated Appropriations Act, 2021, P.L. 116-260, provides that these payments are not includible in the borrower's gross income.
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