EIDL Grant Balance Sheet
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kenj2021
Returning Member

EIDL Grant Balance Sheet

I have entered my EIDL grant as non-taxable income in Quickbooks.  However, now my balance sheet won't balance with Turbo Tax.  It's off by exactly the amount of the grant.  How should that be rectified?

2 Replies
MissMCJ
Level 4

EIDL Grant Balance Sheet

I would contact Quickbooks and see what they are doing about this.  I am sure you will not be the only person to experience it.

kenj2021
Returning Member

EIDL Grant Balance Sheet

This is a Turbo Tax issue, not a Quickbooks issue.  It's easy to record it as non-taxable income in Quickbooks.  There's no place to account for non-taxable income in Turbo Tax to properly reflect in the Balance Sheet reconciliation.  

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