AB 80 for apportioned income - Spidell

AB 80 for apportioned income

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Message Board AB 80 for apportioned income

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    • #301820
      Anonymous
      Participant

      A multi-state California taxpayer is not allowed to deduct the expenses related to the PPP loan because they are ineligible based on AB 80. The 2/3 of the PPP loan was used for payroll in other states. Does the taxpayer need to add back to California income 100% of the payroll expenses related to the PPP loan or 1/3 actual amount paid in California.

    • #301866
      Sandy Weiner
      Participant

      We are still waiting FTB guidance on this and other issues.  We’re hoping to have at least some guidance issued within the next week.

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