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CA Small Bus Covid-19 Relief Grant

OldCPA
Level 3

CA Small Bus Covid-19 Relief Grant are taxable for federal and expenses are deductible.  CA does not tax the relief grant but does anyone have any information about whether or not CA allows a deduction for the expenses paid with the grant funds?

2 Comments 2

www.caltax.com has answers for California issues.  Spidell are the CA tax experts.

0 Cheers
OldCPA
Level 3

Yes Strongsilence-CPA, thank you, I already posted there and on another site but hadn't heard anything, others are asking as wells so I thought I'd try here also.