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Business & farm
Apologies if this is too simple a question. If we received a PPP loan and it was forgiven, I understand it is not taxable. We are a partnership so basically all of our income goes to partners. So how do I record this in business taxes and then is it taxable for each partner. We are actually talking about a small amount of money. Thanks for your help.
‎January 11, 2021
2:18 PM