California will be taxing any loan forgiveness of the PPP loans. The question I have is the timing of when it is taxable. For a cash basis taxpayer, is it when they submit the application ( assume granted), when the lender approves, or when the SBA approves? Since the time it takes for the whole process can be up to 5 months, we are getting to the point where it most likely will not have the final approval until 2021. Is that when it is taxable to CA? Any thoughts?