So many of these responses sound like I am supposed to be a tax pro. I am not a tax pro, I'm a tiny little business owner who can't afford a bookkeeper or a tax person, so I have to do all this on my own. Just like millions of others in the US.
As it turns out, it sounds like the legislation Congress passed right before Christmas changes everything. The PPP loan is not income, all the expenses related to it are deductible. Congress may have finally done something good and smart.
