Skip to main content
Level 5
May 3, 2021
Solved

nontaxable EIDL advances to CA

  • May 3, 2021
  • 1 reply
  • 7 views

Does anyone know if Lacerte will update nontaxable EIDL advances for CA business?

This topic has been closed for replies.
Best answer by taxwheeler

Great thank you for the update.

1 reply

Level 2
May 4, 2021

I am waiting on this change as well.  Also wondering if this will include SBA Debt relief of 7(a), 504, and Microloans.

hgtcAuthor
Level 5
May 4, 2021

this is what Lacerte said.

"On April 30 the CA governor signed AB 80 into law.  We are currently in the process of updating the program.  These changes are scheduled to be released with the 41.0511 release of the program."

Level 2
May 4, 2021

Great thank you for the update.