Business & farm

@AliciaP1 

 

 

 

 

 

For one of the draws I paid my business expenses and myself. For the other one it was just easier to pay myself for entire covered period. I am sole prop with no employees so sba was allowing us to do. In this statement it says when eligible expenses were paid or incurred. I paid myself but sole prop owners don't put their salary on sch c as they cant pay themselves and deduct it from their profit. Does this mean I can take option 1 for both draws including the one I paid all to myself. It was an eligible expenses owner compensation according to the sba. But again sole prop owners can't pay themselves so no payroll for owner on sch c. Is irs eligible expenses means same paying myself with ppp also even though it is not put in sch c like sba definition