From the recent stimulus bill passed 12/27/2020, EIDL grants are not taxable. So if your total receipts are less than $250K and your assets are less than $1 million, you would not need to report it anywhere on your form 1065.
The pandemic has affected your taxes in many ways. Including reporting in TurboTax the amount of stimulus money you received. Click Here for more information on how the Pandemic affected your 2020 taxes.
