Here's a hypothetical scenario hopefully someone can answer.You have 10,000 in normal income for you business and 5000 in EIDL grant received. You have a total ...
Thank you. Just to clarify, I'm sure you meant 16(b) not 18(b) correct? Regarding 1120S.Here is another thing I noticed.I included the expenses I paid using the...
Someone answered the question for me. They essentially explained that since the grant is not taxable, I wouldn't put it as income in my books. It would go to th...
@ThomasM125When 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 t...
