@DLB26 wrote:I know several hosts who had their taxes changed to Schedule C, to get the PPP loan, then amended them back to Schedule E. That just seemed unethical (and scary) to me, so I just gave up on the PPP loan.
It's a pity the SBA doesn't change their forms to allow for Schedule E.
Wow, that is scary. And the fact that they later amended truly shows that they KNOW they are fraudulently doing it. If they were to be caught, the penalties can be crazy.
It is not the SBA, it is Congress. That is how they wrote the law.
