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JaredVZ
Level 2

PPP Loan Forgiveness - California Gross Receipts

Lacerte is including PPP Loan Forgiveness in California Gross Receipts.  In some cases this is increasing gross receipts fee.  Is this correct or should this be manually adjusted so that any proceeds from PPP loan forgiveness are excluded from California gross receipts.

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qbteachmt
Level 15

Re: PPP Loan Forgiveness - California Gross Receipts

@JaredVZ 

You posted an income tax preparation topic in this Software Developers section. I recommend asking in the Lacerte section of the community, to get the attention of tax preparers using Lacerte.

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