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Business & farm
It seems to me the EIDL Advance (which is not a loan; does not need to be repaid) affects shareholder basis and so should be reported on line 16b (other tax-exempt income).
I have gone completely through the TurboTax questionnaire and it never gave me an opportunity to enter this information.
Can you explain how, exactly, i enter this in TurboTax?
‎January 26, 2021
12:30 PM