How do we adjust the net income on the CA Form 100 since CA does not allow the expenses related to the PPP SBA loans?

awebster57 · ‎01-22-2021

George4Tacks · ‎01-22-2021

My guess is that after all the dust settles, it will be a specific item in Screen 47.011. For now I would be inclined to make an entry for Other Additons [O]

Here's wishing you many Happy Returns

George4Tacks · ‎01-22-2021

@awebster57 More dust!!!

https://www.magnetmail.net/actions/email_web_version.cfm?ep=c_uDcZ4Ub1q1cNMs0FmTndWmqTaX8L2w7pV2fCBq...

Here's wishing you many Happy Returns

How do we adjust the net income on the CA Form 100 since CA does not allow the expenses related to the PPP SBA loans?

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