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We are reporting the non-taxable amounts as increases to owner equity.  My understanding is the EIDL advance is still taxable income.  I believe only the forgiven PPP amounts were covered as non-taxable under the new bill. Unless you have authoritative ...

Hey everyone. I sent this question to Jodi Ann, since there are so many of us with this issue. Chase Murphy, CPA had done an excellent job on the Deep Dive CPE course last week, and he was kind enough to respond to this question. I hope this helps everyone! ...

Lauren, This is one of the issues for me.  The way I am reading things, the 50% seems to be for family members and I have only assumed (which we all know what that means) it also applies to owners.  I have yet to find anything that addresses owners. ...