Thanks for your response @Critter-3
I recall SBA has issued a guideline that PPP loan is not income and should not be taxed but wanted to make sure based off this can the salary paid off the loan be deducted as expense in Turbo Tax?
What happens when this loan is 100% forgiven by SBA sometime later in 2021? How does that get reflected in the 2021 tax return balance sheet?
Thanks
