My loan is in process of forgiveness. SBA has paused forgiveness applications until further guidance comes out. I would have taken loan and the EIDL as taxable income but I would take a 900.00 deduction on my return. If I would take it as taxable income I would have a 900.00 profit if I take it as non taxable I have a 6000.00 loss. Finishing up I am good to go If I enter both as non taxable on my schedule K line 16 b even though the loan in in process of forgiveness?
