@ThomasM125 When I add my EIDL grant, it shows that I end up having a loss after adding up all the expenses for the year. So in other words, after inputting my taxable income, EIDL grant (on line 16b), and all expenses, it shows that I have a loss for the year. Would this be accurate considering that EIDL grant is non-taxable?
Hypothetically my loss shows $-6000, but I received an EIDL grant of $7,000. Would this mean that I should just have an overall taxable income of $0 and not a loss?
