I understand better with case and point so could you help with this scenario?
In 2021 my business gross receipts were $100,000 and I also have PPP forgiven loan of $100,000. In the same year, my business had expenses of $60,000 in payrolls and $40,000 in rents and utilities. Would my schedule C show 0 or $100,000 gain? Thank you for any input you may have.
