1829133
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Do I need to claim the EIDL grant/advance as taxable income? Where do I enter that information?

I applied for and received a $1,000 advance for the EIDL loan. I understand the Consolidated Appropriations Act declared this is not taxable income, but I'm not sure if I should still be entering it on my taxes. Thank you.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
MinhT1
Expert Alumni

Do I need to claim the EIDL grant/advance as taxable income? Where do I enter that information?

The EIDL loan is not considered as income and is not taxable. You do not need to enter it on your tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Do I need to claim the EIDL grant/advance as taxable income? Where do I enter that information?

Thank you!!!  

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question