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- diag #56719 - how to enter PPP non-deductible exp for CA for 2021
diag #56719 - how to enter PPP non-deductible exp for CA for 2021
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detaylorcpa
Level 3
02-03-2022
01:54 PM
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If I enter them in screen 13 - expense non-deductible to state related to a forgiven PPP loan (as we did in 2020) I get the above critical diag and it brings me to screen 44.011 - taxable SBA and other loans/grants. If I enter in screen 44.011 - it throws my CA balance sheet out of balance.
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3 Comments 3
Karl
Level 8
02-03-2022
11:05 PM
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Which module are you in? S-Corp?
Try play with inputting it in Screen 31.1, there's a forgiven PPP loan book-non-tax override field there.
Admittedly, I haven't even started populating any of my S-Corps yet. Too war-scarred from all the software changes as we went along last year that would change my work. Waiting a little longer for them to make up their minds...
*If this (or another answer/reply) solves your problem, please click "Accept as Solution" to get this post out of the "Unanswered" queue of posts.*
Drphibes
Level 7
02-06-2022
10:35 PM
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And watch out for PPP loans made after 3/31/21 and then forgiven. CA did not conform to the Federal extension of those loans as being non-taxable relief of debt.
detaylorcpa
Level 3
02-08-2022
12:16 PM
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Thanks for the help - although, alas - none of it did help. The answer I came up with is: enter PPP loan and expenses non-deductible for CA in screen 13 - this makes fed and CA come out correctly. However, I get the critical diag: #56719 - which isn't an issue in my case. It didn't stop me from efiling - unless it comes back to me. I'm guessing this should be an informational diag and not critical.
