mschiavo14
Level 1

In Virginia, SB 1146 was signed into law on March 15. This law excludes forgiven PPP loans from taxable income but decouples from the federal expense deduction allowance, instead offering a state-specific deduction for up to $100,000 in expenses paid for using forgiven PPP loans. Is there going to be a software update to accommodate this?

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sjrcpa
Level 15

Probably.


ex-AllStar
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BobKamman
Level 15

Eventually