>Then go to the California tab and review your answers about the PPP Loan.How? I got asked about amending the return (that went fine) then here's what I found.1...
It sounds right to me, but I'm no IRS wiz. [However: If you're in CA, there's no loss on the state tax because the grant is taxable and counts as income.]
The question you are asking really is: Do you have to pay it back? If you have to pay it back, it is a loan and not a grant. We got the info from the bank that ...
For our case (S-corp):1. Go under Forms View (Click on "Forms" in the upper right corner.)2. On the left-hand pane: Click "Oth Add/Ded" under the major heading ...
No solution that I could find from TurboTax.I finally went into Forms View to the balance sheet, and added a line item to income adjustments that said "EIDL GRA...
