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rrf for restaurant
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arnolddr
Level 2
04-11-2022
05:52 PM
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RRF for restaurant is taxable income for CA?
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abctax55
Level 15
04-11-2022
06:45 PM
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The below is a *great* resource for all things California:
https://www.caltax.com/forums/forum/message-board/
"*******Tax software is no substitute for a professional tax preparer*******
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qbteachmt
Level 15
04-12-2022
12:46 AM
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This is a great reference table; even though the date shows May 15, 2021, it was updated and includes SB 113.
https://gpwcpas.com/grant-credit-loan-and-other-relief-comparison-chart/
"Not taxable for Federal and eligible expenses paid with funds received are deductible.
SB 113 Conforms California to Federal. I.e. These payments are not taxable to California and the expenses are deductible."
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