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Get your taxes done using TurboTax
The PPP and EIDL advances are not taxable and qualifying expenses paid with those funds are tax deductible. Provider Relief Fund payments are taxable, unless made to a tax-exempt health care provider and used for tax-exempt purposes.
You can find more about this here:
https://www.irs.gov/newsroom/frequently-asked-questions-about-taxation-of-provider-relief-payments
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‎February 16, 2021
7:39 PM