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PPP and Guaranteed Payments to Members
Our 2 Member llc files as a Multi-Member Partnership using Form 1065.
The PPP funds are non-taxable, and the payroll to our employees is a deductible expense.
However, I can't wrap my head around this part. Do the member draws of PPP funds to members get included into the Guaranteed Payments in TT Business?
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‎February 3, 2021
6:45 AM