Thanks ReneeM7122,
All our expenses used from the PPP loan were distribution to the partner in 2020. So if I use the distribution as expenses in 2020, the partnership will have missive losses that will be reported on form K-1 to each partner.
Something wrong here, the partners received distribution money from the PPP loan, and they are going to benefit from the losses on their K-1 due to the distribution money they received. Please explain.
Thanks
