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Where do I put the PPP loan on a 1065
There is some bad information in this string.
Distributions have absolutely nothing to do with determining whether the PPP funds were used for eligible expenses in a partnership. Distributions are also not used as payroll expenses for a partnership.
I recommend you start a new thread if you have questions related to this area.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
May 8, 2021
6:50 AM
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