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Schedule C PPP Loan Forgiveness
Where on the Schedule C do I pick up the PPP Loan forgiveness.
I entered all of the busisness expenses and all of the business income I received netting to a negative number.
I received PPP forgiveness which when added to the loss reduces the loss.
Do I record the PPP as income of do I create a negative expense for the PP forgiveness abd reduce my expenses?
March 21, 2021
5:03 AM