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- Are these taxable? Federal & CA Credits to Businesses
Are these taxable? Federal & CA Credits to Businesses
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Mairof
Level 3
02-09-2022
05:24 PM
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Are the following taxable?
- Fed Cares Act Paycheck Protection
- CA Relief Program
If they are taxable, please let me know how to enter this for my client.
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2 Comments 2
abctax55
Level 15
02-09-2022
05:50 PM
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Maybe this will help you do some research, based on your client's specific situation:
https://gpwcpas.com/grant-credit-loan-and-other-relief-comparison-chart/
"*******Tax software is no substitute for a professional tax preparer*******
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Mairof
Level 3
02-18-2022
03:39 PM
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Thank you!!!
