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Where should I be adding my PPP and restaurant revitalization fund on form 1065? They are both non-taxable income grants but the proceeds can be deducted.
Do I enter it on line 7 of the 1065 partnership return or should I add it as other tax exempt income (line 18b)? Again, the rules say that the expenses incurred and paid for with the fund are tax deductible.
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March 8, 2023
12:28 PM