You can deduct all of the expenses paid from the PPP grant money. Originally, the IRS was not going the let those expenses be deductible, but that was changed early on in the tax filing season. You do not need to add the PPP money to your income on your tax return.
Money paid to yourself is not deductible, unless you report it on a W-2 form, in which case you will add that income onto your tax return as wage income.
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