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Question

EIDL Grant Balance Sheet

Forum|Forum|5 years ago
January 3, 2021
1 reply
0 views

I have entered my EIDL grant as non-taxable income in Quickbooks. However, now my balance sheet won't balance with Turbo Tax. It's off by exactly the amount of the grant. How should that be rectified?

TurboTax Business Windows

I would contact Quickbooks and see what they are doing about this. I am sure you will not be the only person to experience it.

This is a Turbo Tax issue, not a Quickbooks issue. It's easy to record it as non-taxable income in Quickbooks. There's no place to account for non-taxable income in Turbo Tax to properly reflect in the Balance Sheet reconciliation.