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?
021469
2 Replies
MissMCJ
Level 4
Jan 2, 2021 6:52:50 PM
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
Jan 2, 2021 9:37:25 PM
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.