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Business & farm
Does this take into account the recent legislation, which seems to allow the "double-dip" benefit (i.e. the forgiven loan is NOT to be considered a portion of business gross income AND the expenses it paid are tax deductible)? The current TT Business software doesn't seem to currently account for this, as it throws off my balance sheet calculation not to report the funds at all -- after all, I received the money.
‎January 4, 2021
10:10 AM