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Tax News is a monthly online publication to inform tax professionals, taxpayers, and business owners about state income tax laws; Franchise Tax Board …
Does California follow the exclusion from gross income for covered loan amounts forgiven pursuant to the Coronavirus Aid, Relief, and Economic Security (CARES) Act?
A:
Yes, for taxable years beginning on or after January 1, 2019, gross income does not include any covered loan amounts forgiven pursuant to the CARES Act, the...
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