https://ttlc.intuit.com/community/business-taxes/discussion/ppp-question-filing-taxes/01/2560734#M84446 <P>I was self employed with a 1099, so no business EIN, it was under my own ssn. I got a ppp loan for around $8,000. I paid myself it all in installments. The loan is forgiven.&nbsp;</P><P>&nbsp;</P><P>Do I need to report this on my tax return? What do I need to do in dummy steps if so. Is this income for me?</P> Mon, 09 Mar 2026 08:46:16 GMT nu-athena 2026-03-09T08:46:16Z https://ttlc.intuit.com/community/business-taxes/discussion/ppp-question-filing-taxes/01/2560734#M84446 <P>I was self employed with a 1099, so no business EIN, it was under my own ssn. I got a ppp loan for around $8,000. I paid myself it all in installments. The loan is forgiven.&nbsp;</P><P>&nbsp;</P><P>Do I need to report this on my tax return? What do I need to do in dummy steps if so. Is this income for me?</P> Mon, 09 Mar 2026 08:46:16 GMT https://ttlc.intuit.com/community/business-taxes/discussion/ppp-question-filing-taxes/01/2560734#M84446 nu-athena 2026-03-09T08:46:16Z https://ttlc.intuit.com/community/business-taxes/discussion/re-ppp-question-filing-taxes/01/2564717#M84537 <P>If the PPP loan is forgiven,&nbsp;<STRONG>you do not report the loan as income</STRONG>.&nbsp; The forgiveness is not considered a Cancellation of debt so it is not reported on the return.</P> <P>&nbsp;</P> <P>Just hold onto your forgiveness letter and any other supporting information for your bookkeeping.</P> Wed, 09 Mar 2022 18:53:40 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-ppp-question-filing-taxes/01/2564717#M84537 Cynthiad66 2022-03-09T18:53:40Z