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Level 5
March 24, 2022
Question

CA Small Bus Covid-19 Relief Grant

  • March 24, 2022
  • 1 reply
  • 4 views

CA Small Bus Covid-19 Relief Grant are taxable for federal and expenses are deductible.  CA does not tax the relief grant but does anyone have any information about whether or not CA allows a deduction for the expenses paid with the grant funds?

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1 reply

Level 10
March 25, 2022

www.caltax.com has answers for California issues.  Spidell are the CA tax experts.

Level 5
March 25, 2022

Yes Strongsilence-CPA, thank you, I already posted there and on another site but hadn't heard anything, others are asking as wells so I thought I'd try here also.