Tambren
Level 3
02-17-2021
10:38 AM
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Has anyone figured out a way to make this work correctly in a S-corp? The only way I could make it work was to treat the EIDL grant as PPP loan expenses but that isn't a correct description on the tax return. If I do an M-1 for fed and not CA, I couldn't find a way to add the income to the CA taxable income so that the M-1 schedule was correct. Appreciate any help!
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Strongsilence-C
Level 9
02-17-2021
12:20 PM
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Tambren
Spidell's message board is a very useful forum for California issues. I hope you enjoy it.
Tambren
Level 3
02-17-2021
12:21 PM
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Thank you. I am asking specifically how to make it work in the Lacerte tax program. I can check Spidell but didn't think the answer would be there.
Taxorama
Level 2
04-13-2021
12:16 PM
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I have the same issue. Is there a solution?
