PPP loan adjustments for the CA tax returns

MSLEE · ‎05-17-2021

Hi - Will there be an update in Proseries to adjust the expenses paid with the PPP loans on the CA tax returns for those did not meet the 25% decrease in gross receipt requirement and therefore not eligible to take the deductions. Please advice. Thank you.

IntuitCharlene · ‎05-17-2021

I have checked with our development team and they are working on getting this into ProSeries. With the deadline being today any impacted returns you may need to make manual adjustments or put on extension to still be timely filed.

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