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How to record SBA loan payment assistance in a 1065 tax return
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dina-beerle
Level 1
06-06-2021
07:52 PM
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Our partnership owns a building as an investment. I'm reporting income and expenses related to the building on schedule 8825. Where can I record the "non taxable income" of the loan payments (assistance via CARES act) made by SBA towards our loan?
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1 Comment 1
qbteachmt
Level 15
06-06-2021
08:13 PM
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It's the same as PPP, for Fed:
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"Level Up" is a gaming function, not a real life function.
