Well I see I may have old info ... but double dipping seems to be allowed after all ... https://www.uschamber.com/co/run/finance/tax-implications-of-paycheck-protection-loans#:~:text=Does%....
In this case in your bookkeeping the loan is not income so you would negate it in your books and still get to deduct the expenses it paid. I wonder if anyone in congress has a single brain cell to share among all of them.
This forgiveness is NOT entered anywhere on a tax return at all ... it is only a bookkeeping entry.
