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Get your taxes done using TurboTax
The PPP loan is not taxable. As such, you should not enter it on your tax return. It has no affect on your eligibility for a stimulus payment, so you may still be entitled to stimulus payments even if you received a PPP loan that was forgiven. It is not considered income with respect to the income limit on eligibility for stimulus payments.
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May 10, 2021
12:50 PM
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