turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

JoeLSmith
Returning Member

PPP Expense deductibility

TurboTax Home & Business software is reducing my miscellaneous expenses by the amount of my PPP loan. Why?

I have several line item expenses entries in the "other miscellaneous expenses" section.  The value that gets presented in the summary for the "other miscellaneous expenses" category is less than the sum of the individual expense entries.  The difference is exactly the amount that I entered for the amount of my PPP loan.

 

I have read that expenses paid with PPP funds are fully tax deductible.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies