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Level 2
April 11, 2022
Question

rrf for restaurant

  • April 11, 2022
  • 2 replies
  • 12 views

RRF for restaurant is taxable income for CA?

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2 replies

abctax55
Level 15
April 11, 2022

The below is a *great* resource for all things California:

https://www.caltax.com/forums/forum/message-board/

HumanKind... Be Both
qbteachmt
Level 15
April 12, 2022

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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