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Business & farm
I believe this answer is wrong. The PPP loan is not counted as income. I am also wondering how to show this on turbotax. IT is not a "dumb question". If we deduct the PPP loan from payroll, then payroll will not match 941's. That seems like it's a set up for an audit. Still searching for an answer. Been searching for hours.
‎January 11, 2021
7:24 AM