sffdib
Level 5
03-08-2021
06:56 PM
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For state of California, regarding the PPP loan forgiveness. Is the amount taxable? Are expenses tax deductible? If not, how do we calculate what expenses are or are not deductible?
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abctax55
Level 15
03-08-2021
07:05 PM
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I suggest you visit Spidell's website for all updated info regarding how CA is treating/may treat PPP loans.
And signing up for their flash alerts/emails is a great idea for anyone doing CA returns.
https://www.caltax.com/forums/forum/message-board/
"*******Tax software is no substitute for a professional tax preparer*******
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