Does anyone know where to put the EIDL advance in Lacerte. I know where the PPP forgiveness goes. I know where an EIDL loan would go. But where do we put the EIDL advance?
It's nontaxable income at the federal level. It may taxed by the state.
I know about the taxability of it. But where do we put it?
Perhaps: S-Corp Module: Schedule M-1: screen 31.1 "Income Recorded on Books not included on Schedule K: Tax-Exempt Income: Other?"
Since you *know* what to do with the PPP monies, I'd suggest doing the same thing with the EIDL grant.