markk2213
Returning Member

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?