brachbr01
Level 1

Does anyone know where to put the EIDL advance in Lacerte.  I know where the PPP forgiveness goes.  I know where an EIDL loan would go.  But where do we put the EIDL advance?

0 Cheers
sjrcpa
Level 15

It's nontaxable income at the federal level. It may taxed by the state.


Ex-AllStar
brachbr01
Level 1

I know about the taxability of it.  But where do we put it?  

Perhaps:  S-Corp Module: Schedule M-1:  screen 31.1 "Income Recorded on Books not included on Schedule K: Tax-Exempt Income: Other?"

0 Cheers
abctax55
Level 15

Since you *know* what to do with the PPP monies, I'd suggest doing the same thing with the EIDL grant.

"*******Tax software is no substitute for a professional tax preparer*******
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