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SBA EIDL Grant
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Futch2010
Level 3
03-31-2022
05:14 PM
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According to the ProSeries Software, in 2020, the SBA EIDL should be reported on Schedule K, 16a, as Tax-exempt income, which then flows to M-2, OAA. However, the IRS has changed how they want this SBA EIDL Grant money reported and needs to be corrected on 2021 return. It needs to show up on the M-2, AAA as Other Additions and then on OAA as Other Reductions. The only way I can make this work is to deactivate the M-2 Worksheet. It works when I manually put the figures in. My question is if it is ok to deactivate the M-2 Worksheet? Or is there another way to fix this problem?
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