brachbr01
Level 1
a month ago
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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?
3 Replies 3
sjrcpa
Level 15
a month ago
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It's nontaxable income at the federal level. It may taxed by the state.
ex-AllStar
brachbr01
Level 1
a month ago
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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?"
abctax55
Level 15
a month ago
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Since you *know* what to do with the PPP monies, I'd suggest doing the same thing with the EIDL grant.
Former Chump..umm... AllStar.
"the game of life is hard to play"
If a post answers your question, click on *Accept as solution* for future searches
"the game of life is hard to play"
If a post answers your question, click on *Accept as solution* for future searches