https://ttlc.intuit.com/community/self-employed-group/discussion/re-ppp-loan/01/2368354#M3284 <P>No.&nbsp; If your PPP loan was forgiven, then you don't report it as income on your tax return.&nbsp; If you used the funds for qualifying expenses, they are deductible as they would be otherwise.&nbsp; Here is a link to an article with more detailed information on this topic:&nbsp;&nbsp;<A href="https://turbotax.intuit.com/tax-tips/small-business-taxes/the-payroll-tax-credit-and-other-stimulus-programs-for-covid-19/L8pHzpiiT" target="_self">The Payroll Tax Credit and Other Stimulus Programs for COVID-19</A>&nbsp;.</P> Wed, 27 Oct 2021 17:24:00 GMT NancyDrew 2021-10-27T17:24:00Z https://ttlc.intuit.com/community/self-employed-group/discussion/ppp-loan/01/2368224#M3283 <P class=""><STRONG>If we got a PPP loan and it has been forgiven, will it be required to report PPP loan income on 2021 taxes?</STRONG></P> Wed, 27 Oct 2021 16:49:58 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/ppp-loan/01/2368224#M3283 AJ252 2021-10-27T16:49:58Z https://ttlc.intuit.com/community/self-employed-group/discussion/re-ppp-loan/01/2368354#M3284 <P>No.&nbsp; If your PPP loan was forgiven, then you don't report it as income on your tax return.&nbsp; If you used the funds for qualifying expenses, they are deductible as they would be otherwise.&nbsp; Here is a link to an article with more detailed information on this topic:&nbsp;&nbsp;<A href="https://turbotax.intuit.com/tax-tips/small-business-taxes/the-payroll-tax-credit-and-other-stimulus-programs-for-covid-19/L8pHzpiiT" target="_self">The Payroll Tax Credit and Other Stimulus Programs for COVID-19</A>&nbsp;.</P> Wed, 27 Oct 2021 17:24:00 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/re-ppp-loan/01/2368354#M3284 NancyDrew 2021-10-27T17:24:00Z