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Level 2
February 14, 2021
Solved

SBA Loan Payments made by SBA - input field

  • February 14, 2021
  • 2 replies
  • 14 views

Is there an input field in Lacerte for the SBA loan payments made by the SBA?  My understanding is that this is treated similar to PPP and is tax-exempt debt forgiveness.  Or does it require manual entry to M-1/M-2?  Thanks

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Best answer by IRonMaN

It's the same.

2 replies

IRonMaN
IRonMaNAnswer
Level 15
February 14, 2021

It's the same.

Slava Ukraini!
Level 2
February 16, 2021

Is the SBA loan payments taxable to California just like the PPP forgiveness